Population Segmentation

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August 25, 2024 4 min read Definitions
Stratified Random Sampling: Enhancing Precision in Statistical Estimates
Statistics Sampling Methods Stratified Random Sampling Statistical Methods Population Segmentation Market Research Data Accuracy
Stratified Random Sampling is a statistical technique that divides a population into distinct subgroups, or strata, and independently samples each stratum. This method aims to achieve greater accuracy in parameter estimates when demographic segments are homogeneous.
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