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How is the determination of sample size a financial, statistical, and managerial issue?

How is the determination of sample size a financial, statistical, and managerial issue?

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Determination of sample size is a Financial, statistical and managerial issue. This can be seen as it affects all these three aspects. When we determine the sample size ,researchers also have to take care of the financial issue as the increased sample size will increase the cost of research. Hence it is a finacial issue.

And when researchers decide the sample size , they insure that it is large enough so that they will get correct result.

And lastly it is a managerial issue as if sample size is determined well , it can be managed easily.

So hence it is a Financial, statistical and managerial issue.

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