Question

Explain the merits of sampling method.

Answer 1

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Answer 2

Answer:

The main 5 merits are listed and explained below:

Explanation:

1. LOW COST: The collection of data of an entire population will be exhaustive and will be very expensive.

2. TIME EFFICIENT: The time taken to collect data from a sample than from the entire lot of population saves time.

3. HIGH ACCURACY: The higher the sample size the better the accuracy.

4.CONVENIENT: The data collected doesn't have much effort or complexities associated with it.

5. BEST FOR LIMITED RESOURCES: The data collected via this method is easy on the researcher's pocket.