Monte Carlo Sampling Coverage

Requires a Wolfram Notebook System

Interact on desktop, mobile and cloud with the free Wolfram CDF Player or other Wolfram Language products.

Requires a Wolfram Notebook System

Edit on desktop, mobile and cloud with any Wolfram Language product.

This Demonstration draws successive samples from a population to illustrate sampling coverage. Each sample is without replacement, but successive samples begin from the full population. The graph plots separate simulations up to the maximum number of samples, so for example, for a maximum of 10 samples, 10 separate simulations are performed, the first for one sample, the second for two samples, etc.

Contributed by: Richard Roe (November 2012)
Open content licensed under CC BY-NC-SA


Snapshots


Details

This Demonstration was created in response to a question about successive stock takes. In particular, how big a sample size should be to be confident of checking 95% of the population every month, if a random sample stock check is performed every day.



Feedback (field required)
Email (field required) Name
Occupation Organization
Note: Your message & contact information may be shared with the author of any specific Demonstration for which you give feedback.
Send