## “Formal sample size issues are important only in academic (enumerative) statistics. In analytic statistics, the answer to “How much data?” is “Enough to characterize the underlying situation.” Why is this the case? How is academic or research statistics fundamentally different from an analytic situation such as this?

Formal sample size issues are essential only in academic (enumerative) statistics, while in analytic statistics, the answer to “How much data?” is “Enough to characterize the underlying situation.” This is because, in enumerative statistics, the elements of the population are well-defined and constant in the study. Furthermore, according to Deming,...