Efficiency. Effectiveness. Depth of information gained.
Statistical sampling is a common and scientifically accepted research methodology used in multiple ways. Courts are routinely relying on statistical sampling to establish liability and damages, including breach of contract, trademark infringement, and structured finance.
Build your understanding of statstical sampling:
- Elements of sampling
- Sampling distribution concept
- Confidence interval, margin of error and extrapolations
- How statistical sampling solves business challenges