Twenty of the bike sales are selected and the selling

Assignment Help Basic Statistics

Reference no: EM13605006

Consider the selling prices($) of the 800 bicycles sold at Bike World during June.

Twenty of the bike sales are selected and the selling prices are noted. The average selling price of this sample is $355.

(a) Describe the population under consideration and the population size?

(b) Describe the sample and the sample size?

(d) If a frequency histogram of the 20 selling prices is drawn and the histogram is analyzed, is this an example of descriptive statistics or inferential statistics? Explain.

(e) If $355 is used to estimate the average selling price of all 800 bikes, is this an example of descriptive statistics or inferential statistics? Explain.

Reference no: EM13605006

Questions Cloud

Trevor hancock has just retired he has set aside enough : trevor hancock has just retired. he has set aside enough money in his retirement fund to be able to withdraw 15000 per

Corporation began operations on january 1 2007 during its : corporation began operations on january 1 2007. during its first 3 years of operations ipad reported net income and

How can using a single pre-determined manufacturing : how can using a single pre-determined manufacturing overhead rate based on a unit-level cost driver cause a high-volume

A hospital can use activity based costing for costing its : a hospital can use activity based costing for costing its services. in a hospital what activities might be considered

Twenty of the bike sales are selected and the selling : consider the selling prices of the 800 bicycles sold at bike world during june.twenty of the bike sales are selected

Assume a company uses a plant wide predetermined : assume a company uses a plant wide predetermined manufacturing overhead rate that is calculated using direct labor

An electron has an initial velocity of 200 x 106 ms in a : an electron has an initial velocity of 2.00 x 106 ms in a uniform 8.00 x 105 nc strength electric field. the field

Furniture purchased at the start of the month for 4500 is : the following information is available for perry sales on august 31 for the month just ended.a.1850 of the television

Heat is added to the water in the cylinder at constant : a piston cylinder device contains 1 kg of liquid water at 200kpa and 25 deg c. heat is added to the water in the

User Account

All Pages