Sampling efficiency refers to the trade-off between sampling cost and precision.

Name: Sampling efficiency refers to the trade-off between sampling cost and precision.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sampling efficiency is often used to refer to the balance between obtaining accurate results and keeping costs reasonable. The goal is to obtain the most precise measurement possible using the smallest possible sample size or the least amount of resources. Therefore, the statement is true.

Sampling Efficiency Refers to the Trade-Off Between Sampling Cost and Precision