Online Program

Business Applications of Statistical Sampling (302915)

Keywords: Statistical Sampling, Sampling Techniques

This concurrent session will focus on the application of statistical sampling throughout various industries. Statistical sampling is an efficient technique used to gain information about a given population without having to review each item in the population. Instead, a sample can be selected and reviewed and population characteristics can then be inferred from the sample.This session will focus on common business applications of statistical sampling, including common sample designs, extrapolation methodologies, and interpretation of results. In addition, this session will cover best practices and pitfalls associated with statistical sampling in a business setting.