2 ms·
Because the accuracy of an estimated quantity mostly depends on the size of the sample, not on the size of the population [1]. This does require assumptions lik
by abdullahkhalids 10mo ago
Because the accuracy of an estimated quantity mostly depends on the size of the sample, not on the size of the population [1]. This does require assumptions like somewhat homogenous population and normal distributions etc. However, these assumptions often hold.
[1] https://stats.stackexchange.com/questions/166/how-do-you-decide-the-sample-size-when-polling-a-large-population https://stats.stackexchange.com/questions/166/how-do-you-dec...