Sampling risk is the probability that the decision made based on the sample is different from the decision that would be made examining the entire population.

Question

Quizplus · Accepted Answer

Sampling risk is a real risk in statistical inference, and it arises due to the fact that we cannot observe everything in a population. Thus, we use a sample to make inferences about the population. However, the sample is not always perfectly representative of the population, and the decision made based on the sample can be different from the decision that would be made examining the entire population.

Sampling Risk Is the Probability That the Decision Made Based