Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University with ...

Stratified mean-per-unit sampling is a key tool used by auditors. The popularity of this statistical procedure arises from its unique ability to produce trustworthy ...

Suppose that the previous student sample is actually drawn from a stratified sampling. The strata are grades in the junior high school: the 7th grade, the 8th grade, and the 9th grade. Within strata, ...

Suppose that the sample of students described in the previous section was actually selected using stratified random sampling. In stratified sampling, the study population is divided into ...