Economics · Ch 2 — Collection of Data
Sampling And Non-Sampling Errors
2.5
Sampling And Non-Sampling Errors
Whenever we estimate a population's characteristics from a sample, errors can creep in. A population of numerical values has two features of interest here: its Central Tendency, measured by the mean, median or mode; and its Dispersion, measured by the standard deviation, mean deviation, range and so on. Because a sample only estimates these, its results may differ from the truth.
Errors are of two broad kinds:
- Sampling errors — the gap between a sample estimate and the true population value, arising simply because we studied a part rather than the whole. …