How To Get The Most Out Of Your Statistical Sampler
October 23, 2012, 3:56 PM EDT
Law360, New York (October 23, 2012, 3:56 PM EDT) -- Statistical sampling is a powerful tool and a recognized statistical specialty. While many people are capable of drawing simple samples, it often requires different and more advanced expertise to design the types of complex samples needed for litigation. This article is intended to serve as a guide to assist attorneys who are working with their statistical sampling experts.
The sampling process includes three basic steps: (1) designing the sampling plan, (2) selecting the sample and (3) calculating standard errors and confidence intervals for the resulting estimates....