statistical sampling

statistical sampling definition - business

statistical sampling

Selecting one or more representative units of a population in an effort to understand characteristics of the overall population. Statistical sampling is used to draw conclusions about a population without examining all of the items comprising the population: The firm's auditors used statistical sampling to judge the accuracy of its accounts receivable.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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