TABLES OF RANDOM SAMPLE SIZES NECESSARY TO ESTIMATE MEAN AND AGGREGATE VALUES
RAND CORP SANTA MONICA CA
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This analysis presents examples of 16 of random sample sizes necessary to estimate mean and aggregate values. The tables provide a readily useful tool for determining an appropriate sample size once the person designing a plan makes certain quantitative statements. The tables were developed as an aid in using sampling methods to estimate such financial characteristics of a total inventory as its aggregate dollar value or average value per line item stored. The computed tables permit the estimator to select the amount of precision and confidence desired in the estimate of total population characteristics.
- Statistics and Probability
- Operations Research
- Manufacturing and Industrial Engineering and Control of Production Systems