In statistics, what does the term "sample" refer to?

Master Arizona State University's ECN221 Business Statistics Exam with our resources. Utilize flashcards and multiple-choice questions. Understand every concept with hints and explanations to excel in your exam!

The term "sample" in statistics specifically refers to a subset of a population that is selected for analysis. This concept is fundamental because often it is impractical or impossible to collect data from an entire population due to constraints such as time, cost, or accessibility. By selecting a sample, researchers can make inferences about the population without having to gather data from every single member.

Sampling allows for efficient data collection and analysis while still providing insights that can be generalized to the larger population. For instance, if a researcher wants to understand the eating habits of college students in a particular university, they might survey a smaller group of students rather than trying to survey every student on campus. This method provides the necessary data to draw conclusions with an acceptable level of accuracy and confidence.

In contrast to this correct interpretation, the other options do not accurately define "sample." The entire population being studied refers to a broader concept, while a method of collecting data relates more to the techniques employed in research. A measure of central tendency is a statistical term pertaining to averages, which does not relate to the definition of a sample. Thus, the understanding of a sample as a subset of a population used for analysis is essential in conducting effective statistical research.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy