A Probability Sample Size Can Be a Very Tiny Percent

question 33

True/False

A probability sample size can be a very tiny percent of the population size and still be very accurate (have little sample error).

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Definitions:

Time-Series Data

Data collected at successive equally spaced points in time, often used in forecasting and identifying trends.

Confidence Interval

A spectrum of numbers, obtained from sampled evidence, which is expected to encompass the magnitude of an undetermined population statistic.

Standard Deviation

A measure that quantifies the spread of a dataset around its mean, determined by taking the square root of the variance.

Confidence Interval

A bracket of numbers, taken from the study of a sample, poised to contain the value of a not-identified population parameter.