Quick Definition

Systematic sampling is a statistical method used to select a random subset of data from a larger dataset by following a fixed periodic interval.

Examples

• 1In investment, selecting every 10th stock in a list of 500 to analyze portfolio diversification.
• 2In market research, surveying every 15th visitor at a mall to gather consumer preferences.
• 3In quality control, testing every 8th item off an assembly line to ensure product standards.
• 4In financial audits, examining every 20th transaction to check for compliance with regulations.

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