How to determine sample size in research
How to determine sample size in research What should the sample size be, or how big or small should “n” be, is the most pressing question in sampling analysis. The objectives may not be met if the sample size (‘n’) is too small, and we risk significant expenses and resource waste if it is too large. One can generally state that the sample needs to be the ideal size, meaning it shouldn’t be either too big or too small. In theory, the sample size should be sufficiently large to provide a desired width confidence interval; therefore, the sample size must be determined logically before the sample is drawn from the universe. One must focus on the following points in mind: (1) Nature of universe: The universe may be either homogenous or heterogenous in nature. If the items of the universe are homogenous, a small sample can serve the purpose. But if the items are heteogenous, a large sample would be required. Technically, this can be termed the dispersion factor. (ii) Number of classes proposed: If many class groups (groups and sub-groups) are to be formed, a large sample would be required because a small sample might not be able to give a reasonable number of items in each class-group. (ii) Nature of study: If items are to be intensively and continuously studied, the sample should be small. For a general survey the size of the sample should be large, but a small sample is considered appropriate in technical surveys. (V) Accuracy standard and acceptable confidence level: We will need a comparatively larger sample if we want to maintain a high standard of accuracy or precision. The sample size must be increased fourfold in order to double the accuracy for a fixed significance level. (vi) Financial availability: In reality, the sample size is determined by the funds available for the research. This consideration should be made when choosing the sample size because larger samples raise the estimated cost of sampling. (vii) Additional factors to consider: unit type, population size, questionnaire size, and the availability of qualified researchers. Approaches to select sample size: There are two different methods for figuring out the sample size. The first method is used “to specify the precision of estimation desired and then to determine the sample size necessary to insure it” while the second method “uses Bayesian statistics to weigh the cost of additional information against the expected value of the additional information.” The first method is a commonly used method for figuring out ‘n’ because it can provide a mathematical solution. This technique’s drawback is that it fails to compare the expected value of information with the cost of information gathering. Although the second method is theoretically the best, it is rarely employed due to the challenge of determining the information’s value. First of all, it can be said that sampling error always occurs when a sample study is conducted, but it can be managed by choosing a sample that is large enough. The researcher must specify the level of precision he desires for his population parameter estimates. For instance, a researcher may like to estimate the mean of the universe within ±3 of the true mean with 95 percent confidence. In this case we will say that the desired precision is ±3. i.e., if the sample mean is Rs 100, the true value of the mean will be no less than Rs 97 and no more than Rs 103. In other words, all this means that the acceptable error, e, is 3. for different approaches and example: read the upcoming blog do you need the examples? https://tutorarif.com/