Compliance Stuff

With statistical sampling, counsel can simplify damage analyses, avoid potential issues with incomplete or missing data, and minimize the risk of error. Questions Counsel Should Ask After the Decision to Sample is Made: What is statistical inference? What does the margin of error (MoE) and confidence level mean? What types of sampling methods are there? How can I be confident in the results of the sample? Recap From Last Time In  our prior article , we discussed how and why you should sample because statistical sampling is a generally accepted methodology used to make inferences about populations. When done correctly, statistical samples can produce valid and reliable results. Courts and regulatory agencies alike have acknowledged and allowed for the use of statistical sampling in situations where data may be incomplete, too unorganized, or costly to analyze in its entirety. Additionally, sampling can provide distinct benefits over evaluating all available data. Those benefits in...