Sampling or Statistical Sampling
Statistical Sampling is the process of making statistical inferences about the selected population. This emerging incredibly powerful business tool helps in better understanding about the business practices, the customer behaviour, and monitoring quality and amenability
This video from Project Management Series presented by Mudassir Iqbal explains the techniques of sampling for data collection along with diagrammatic representation. Whether you are conducting a survey of customer satisfaction or testing for quality, the process ensures dependable and accurate results while saving your precious time and money.
Even if you are interested in getting insights from the population of millions, you will still need to have a well-designed sample of a few thousand individuals. This video not only informs you about the significance of statistical sampling but explains the procedure to get reliable results and eliminate any biasing factors.
This video is from Project Management Seminars Series presented by Mudassir Iqbal, PMP which goes On-Air every Saturday at 19:00 GMT. The series explores the how to effectively manage projects based on the Project Management Practices suggested in PMBOK Guide by PMI.
The Episode went On-Air on 22 Sep, 2018