This article talks about Stratified Sampling, which is a method of variance reduction when Monte Carlo methods are used to estimate population statistics from a known population. It refers to a type of sampling method. It has several advantages over simple random sampling. It ensures that at least one observation is picked from each of the strata, even if probability of it being selected is close to 0. This completely negates the concept of stratified sampling as a type of probability sampling.
More Post
Latest Post
-
Calcium Azide – a chemical compound
-
A Study Reveals that Drinking Coffee while Pregnant is Safe for the Baby’s Brain Development
-
Travel may be the Most Effective Defense against Aging
-
Difference between Kinetic Energy and Potential Energy
-
Calcium Sorbate
-
Mercury Telluride – a binary chemical compound