Central Limit Theorem: A sampling distribution of the mean is approximately normally distributed if the sample size is sufficiently large. This is true no matter what the population distribution is.

This paper presents the results of a limited investigation which brings into focus the difficulties encountered in developing exact distribution-free methods for stratified simple random sampling. It ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

If you specify the option METHOD=SEQ and do not include a SIZE statement, PROC SURVEYSELECT uses the equal probability version of Chromy's method for sequential random sampling. This method selects ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...