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In sampling theory,how many statistics we use to have an idea about population ?

In sampling theory,how many statistics we use to have an idea about
population ?

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Answer #1

This is quite subjective question. In inferential statistics, we draw conclusions about population based on sample statistic.

More the sample size, more accurate the conclusions would be. Based on some prior goal, we try to estimate sample size. For instance, we try to estimate sample size so that error is no more than 5 percent.

And moreover, for sample size greater than 30 is considered large enough for Central Limit Theorem.

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