Advantages of grouped data in statistics
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Advantages:
1.Focuses on important subpopulations and ignores irrelevant ones.
2.Improves the accuracy/efficiency of estimation.
3.Permits greater balancing of statistical power of tests of differences between strata by sampling equal numbers from strata varying widely in size.
1.Focuses on important subpopulations and ignores irrelevant ones.
2.Improves the accuracy/efficiency of estimation.
3.Permits greater balancing of statistical power of tests of differences between strata by sampling equal numbers from strata varying widely in size.
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