The method of simple random sampling (METHOD=SRS) selects units with equal probability and without replacement. Each possible sample of n different units out of N has the same probability of being ...

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 ...

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 ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Representative sampling and random sampling ...