5 PagesPosted: 28 Feb 2022
See all articles by Oluyemi Ayodele OLONITE
Oluyemi Ayodele OLONITE
Department of Accounting, Faculty of Management Sciences, University of Abuja, P.M.B 117, FCT-Abuja, Nigeria
Date Written: July 1, 2021
Abstract
The Olonite Sampling Technique is a sampling method that is used for small and large population. It was developed as a solution to the short comings of the Taro Yamane Sampling Technique. OST ranges from '1 – 1,280,000,000 (one - one billion two hundred and eighty million) population' and 1 - 59,500, having two (2) categories with five (5) versions each. OST asserts that for some set of levels of significance, a particular category and version of sampling formulae should be adopted; level of significance 0.15, 0.1, 0.05, 0.2, 0.01, 0.002 and 0.001 should focus on the category 1 and use the total population to know the version to be considered. For level of significance 0.4, 0.3, and 0.2, the category 2 should be considered and the total population should be used to determine the version to be considered. The Olonite Sampling Technique supports the 2/3 rule to a logical extent. Taro Yamane Sampling Method can only be used for populations below 'four hundred (400)' and using Taro Yamane for a population above 400 might not give us a result closer to reality as the half value will not be attained using the Taro Yamane Sampling Technique but the Olonite Sampling Technique.
Keywords: Olonite, sampling, technique, Taro, Yamane, population, Olonite Sampling Technique, Olonite Sampling Table
JEL Classification: C00, C15, C18
Suggested Citation:Suggested Citation
OLONITE, Oluyemi Ayodele, Olonite Sampling Technique and Taro Yamane Sampling Method: The Paradigm Shift (July 1, 2021). Available at SSRN: https://ssrn.com/abstract=3994018 or http://dx.doi.org/10.2139/ssrn.3994018
Oluyemi Ayodele OLONITE (Contact Author)
Department of Accounting, Faculty of Management Sciences, University of Abuja, P.M.B 117, FCT-Abuja, Nigeria ( email )
Airport Road Giri
Gwagalada
Abuja, West Africa 00234
Nigeria
+2347062205843 (Phone)
HOME PAGE: http://https://www.uniabuja.edu.ng/