12 min read
Sample size can make or break your research project. Here’s how to master the delicate art of choosing the right sample size.
Author: Will Webster Sample size is the beating heart of any research project. It’s the invisible force that gives life to your data, making your findings robust, reliable and believable. Sample size is what determines if you see a broad view or a focus on minute details; the art and science of correctly determining it involves a careful balancing act. Finding an appropriate sample size demands a clear understanding of the level of detail you wish to see in your data and the constraints you might encounter along the way. Remember, whether you’re studying a small group or an entire population, your findings are only ever as good as the sample you choose. Free eBook: Empower your market research efforts today Let’s delve into the world of sampling and uncover the best practices for determining sample size for your research.
At the heart of this question is the goal to confidently differentiate between groups, by describing meaningful differences as statistically significant. Statistical significance isn’t a difficult concept, but it needs to be considered within the unique context of your research and your measures.
First, you should consider when you deem a difference to be meaningful in your area of research. While the standards for statistical significance are universal, the standards for “meaningful difference” are highly contextual.
For example, a 10% difference between groups might not be enough to merit a change in a marketing campaign for a breakfast cereal, but a 10% difference in efficacy of breast cancer treatments might quite literally be the difference between life and death for hundreds of patients. The exact same magnitude of difference has very little meaning in one context, but has extraordinary meaning in another. You ultimately need to determine the level of precision that will help you make your decision.
Within sampling, the lowest amount of magnification – or smallest sample size – could make the most sense, given the level of precision needed, as well as timeline and budgetary constraints.
If you’re able to detect statistical significance at a difference of 10%, and 10% is a meaningful difference, there is no need for a larger sample size, or higher magnification. However, if the study will only be useful if a significant difference is detected for smaller differences – say, a difference of 5% — the sample size must be larger to accommodate this needed precision. Similarly, if 5% is enough, and 3% is unnecessary, there is no need for a larger statistically significant sample size.
You should also consider how much you expect your responses to vary. When there isn’t a lot of variability in response, it takes a lot more sample to be confident that there are statistically significant differences between groups.
For instance, it will take a lot more sample to find statistically significant differences between groups if you are asking, “What month do you think Christmas is in?” than if you are asking, “How many miles are there between the Earth and the moon?”. In the former, nearly everybody is going to give the exact same answer, while the latter will give a lot of variation in responses. Simply put, when your variables do not have a lot of variance, larger sample sizes make sense.
Statistical significance
The likelihood that the results of a study or experiment did not occur randomly or by chance, but are meaningful and indicate a genuine effect or relationship between variables.
Magnitude of difference
The size or extent of the difference between two or more groups or variables, providing a measure of the effect size or practical significance of the results.
Actionable insights
Valuable findings or conclusions drawn from data analysis that can be directly applied or implemented in decision-making processes or strategies to achieve a particular goal or outcome.
It’s crucial to understand the differences between the concepts of “statistical significance”, “magnitude of difference” and “actionable insights” – and how they can influence each other:
There is no way to guarantee statistically significant differences at the outset of a study – and that is a good thing.
Even with a sample size of a million, there simply may not be any differences – at least, any that could be described as statistically significant. And there are times when a lack of significance is positive.
Imagine if your main competitor ran a multi-million dollar ad campaign in a major city and a huge pre-post study to detect campaign effects, only to discover that there were no statistically significant differences in brand awareness. This may be terrible news for your competitor, but it would be great news for you.
With Stats iQ™ you can analyze your research results and conduct significance testing
As you determine your sample size, you should consider the real-world constraints to your research.
Factors revolving around timings, budget and target population are among the most common constraints, impacting virtually every study. But by understanding and acknowledging them, you can definitely navigate the practical constraints of your research when pulling together your sample.
Gathering a larger sample size naturally requires more time. This is particularly true for elusive audiences, those hard-to-reach groups that require special effort to engage. Your timeline could become an obstacle if it is particularly tight, causing you to rethink your sample size to meet your deadline.
Every sample, whether large or small, inexpensive or costly, signifies a portion of your budget. Samples could be like an open market; some are inexpensive, others are pricey, but all have a price tag attached to them.
Sometimes the individuals or groups you’re interested in are difficult to reach; other times, they’re a part of an extremely small population. These factors can limit your sample size even further.
A good sample size really depends on the context and goals of the research. In general, a good sample size is one that accurately represents the population and allows for reliable statistical analysis.
Larger sample sizes are typically better because they reduce the likelihood of sampling errors and provide a more accurate representation of the population. However, larger sample sizes often increase the impact of practical considerations, like time, budget and the availability of your audience. Ultimately, you should be aiming for a sample size that provides a balance between statistical validity and practical feasibility.
Choosing the right sample size is an intricate balancing act, but following these four tips can take away a lot of the complexity.
The foundation of your research is a clearly defined goal. You need to determine what you’re trying to understand or discover, and use your goal to guide your research methods – including your sample size.
If your aim is to get a broad overview of a topic, a larger, more diverse sample may be appropriate. However, if your goal is to explore a niche aspect of your subject, a smaller, more targeted sample might serve you better. You should always align your sample size with the objectives of your research.
Research is a journey into the unknown. While you may have hypotheses and predictions, it’s important to remember that you can’t foresee every outcome – and this uncertainty should be considered when choosing your sample size.
A larger sample size can help to mitigate some of the risks of unpredictability, providing a more diverse range of data and potentially more accurate results. However, you shouldn’t let the fear of the unknown push you into choosing an impractically large sample size.
Every research project operates within certain boundaries – commonly budget, timeline and the nature of the sample itself. When deciding on your sample size, these factors need to be taken into consideration.
Be realistic about what you can achieve with your available resources and time, and always tailor your sample size to fit your constraints – not the other way around.
There are many established guidelines and formulas that can help you in determining the right sample size.
The easiest way to define your sample size is using a sample size calculator, or you can use a manual sample size calculation if you want to test your math skills. Cochran’s formula is perhaps the most well known equation for calculating sample size, and widely used when the population is large or unknown.
Beyond the formula, it’s vital to consider the confidence interval, which plays a significant role in determining the appropriate sample size – especially when working with a random sample – and the sample proportion. This represents the expected ratio of the target population that has the characteristic or response you’re interested in, and therefore has a big impact on your correct sample size.
If your population is small, or its variance is unknown, there are steps you can still take to determine the right sample size. Common approaches here include conducting a small pilot study to gain initial estimates of the population variance, and taking a conservative approach by assuming a larger variance to ensure a more representative sample size.
Conducting meaningful research and extracting actionable intelligence are priceless skills in today’s ultra competitive business landscape. It’s never been more crucial to stay ahead of the curve by leveraging the power of market research to identify opportunities, mitigate risks and make informed decisions.
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