Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of random sampling

Definition of

random sampling

Statistics

statistical technique for sampling individuals at random an unbiased sampling technique in which every member of a population has an equal chance of being included in the sample. Based on probability theory, random sampling is the process of selecting and canvassing a representative group of individuals from a specific population in order to identify the attributes or attitudes of the population as a whole. Related sampling techniques include: stratified sampling, in which the population is divided into classes, and random samples are taken from each class; cluster sampling, in which a unit of the sample is a group such as a household; and systematic sampling, which refers to samples chosen by any system other than random selection.

Related definitions of "random sampling"

Definitions of ’random sampling’ and meaning of ’random sampling’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’random sampling’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top