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Sample definition

We can't get our arms around the population, so we sample.

Beginner

Sample is a statistical term referring to a subset of a population to be studied. In Finance, the population is rarely known so sampling techniques are used to make a best guess estimate about a population.


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Measuring a sample is common in social sciences like Economics because it is often difficult to define a population. | True or False?

True

In a Sentence

Guy:  Yeah...but none of my past three employers complained about my social skills.
Eve:  Now that's not a verg big sample  Guy. You should be the first to acknowledge that.

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Keywords:
sample
statistic
estimation
finance
investing
stocks
investment modeling
population parameter
financial modeling