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 ...

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 ...

When auditing a company, auditors use a combination of professional judgment and statistical sampling methods to estimate account balances. Statistical sampling is an efficient way to design samples, ...

A general method is given for generating random permutations of integers using a table of random sampling numbers and without wasting the random numbers read. This is more convenient in practice, ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Gordon Scott has been an active investor and technical analyst or 20+ years. He ...

However, the use of statistical sampling in a much broader manner is far from universally accepted. In particular, whether sampling is permitted in the context of civil lawsuits under the False Claims ...