This is a question I sometimes ask myself ever since I read about the great Indian statistician and central planner P.C. Mahalanobis: could he and his statistical peers in China have saved the tens of ...

In a simple random sample, each individual in the population has an equal probability of being chosen. Additionally, each sample of size n has an equal probability of being the chosen sample. This ...

When auditing a company, auditors use a combination of professional judgment and statistical sampling methods to estimate account balances. Statistical sampling is an efficient way to design samples, ...