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Cognitive Bias

Cognitive Bias

Submitted by • June 28, 2012

Bias is a term often confused with sampling error. Sampling error is the natural consequence arising out of the fact that sample size is much less when compared to the population size. The sampling error can thus be minimized by increasing the size of the sample.
The inaccuracy caused in the estimates of population parameters attributed to bias is more systematic. The faulty design of the sampling or the mistakes occurred during the real time survey or both cause the Bias in estimates resulting in distorted description of population.

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Voted by csjangir100

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