Judgment sample financial definition of judgment sample
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- part of a total population that can be analysed to make inferences about the whole population (see SAMPLING).
- a small amount of raw material or finished product whose quality or performance can be tested as a guide to the quality or performance of a whole batch of material or product (see QUALITY CONTROL, ACCEPTANCE SAMPLING).
- a small trial pack of a product or brand which is used to encourage buyers to try it out (see SALES PROMOTION).
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive
If desired, judgment samples
can be taken using the sampling expert's best professional judgment, which may include choosing locations in rooms most likely to be contaminated and surfaces from which an accurate sample can be most easily extracted.
With judgment samples
, a knowledgeable person chooses representative or illustrative test cases or, sometimes, problematic cases.
The revenue procedure explicitly prohibits the use of judgment samples
. Judgment samples
are those that are not randomly selected from the entire population of interest.