Statistical sampling definition

Statistical sampling means a method for drawing elements from a population such that all possible elements in the population have a known and specified probability of being drawn and such that the set of chosen elements has approximately the same distribution of characteristics as the population from which it was drawn.
View Source
Statistical sampling means any approach to sampling that has the following characteristics:
View Source
Statistical sampling means any approach to sampling procedure which has the following characteristics –
View Source

Examples of Statistical sampling in a sentence

  • Statistical sampling is strongly encouraged to insure that the manufacturing processes are in statistical control.

  • Statistical sampling techniques to be applied include a combination of random sampling, systematic sampling, and monetary unit sampling.

  • Statistical sampling will be the default sampling procedure unless it is agreed other valid sampling procedures are more appropriate.

  • Statistical sampling of the canisters is envisioned as sufficient to ensure canister integrity and to verify compliance with storage criteria prior to transportation to the geologic repository.

  • Statistical sampling techniques may be used in taking these inventories.

  • Statistical sampling to estimate the Holder's liability may not be used unless the Holder consents to the use of an estimate.

  • Statistical sampling audits will be conducting using the following sample and extrapolation procedure: A computer generated random sample of an appropriate number of invoices/transactions shall be selected from the population of invoices/transactions covering the audit period, (generally three years).

  • Statistical sampling shall utilize a 20% Precision, 80% Confidence, and 0.5 Coefficient of Variance.


More Definitions of Statistical sampling

Statistical sampling means either the use of random-based sampling selection criteria, usually mathematically chosen random transactions throughout the audit period as the test for compliance; or systematic sampling criteria using a fixed interval between selections, the first interval having a random start. A computer program may be used to define and select transactions included in the sample.
View Source
Statistical sampling means a sampling method by which a random,
View Source

Related to Statistical sampling

  • Metropolitan statistical area or "MSA" means one or more adjacent counties that have at least one urban core area of at least 50,000 in population, plus adjacent territory that has a high degree of social and economic integration with the core as measured by commuting ties.

  • Statistical Cutoff Date means June 30, 2014.

  • Statistical Release means the statistical release designated “H.15(519)” or any successor publication which is published weekly by the Federal Reserve System and which establishes yields on actively traded United States government securities adjusted to constant maturities or, if such statistical release is not published at the time of any determination under this Supplemental Indenture, then any publicly available source of similar market data which shall be designated by the Company.

  • Critical Test Concentration or "(CTC)" means the specified effluent dilution at which the Permittee is to conduct a single-concentration Aquatic Toxicity Test.

  • Sampling means the selling at a nominal charge or the