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Q. Example of Selection a Sample?
Ans.
Suppose a presidential election is approaching and many people are interested in knowing which candidate is most likely to win the vote. You have been assigned the task of predicting the future president one month before Election Day. How do you do it?
Solution: Here is one way that you might approach this problem. Use the 4 steps listed above.
1) The objective of this survey is to determine what percent of voters are likely to vote for the republican candidate, the democratic candidate or another candidate.
2) The variable is the way each member of the population chooses to vote. The population is all of the registered American voters.
3) You may decide to randomly dial phone numbers using U.S. area codes until you find 1000 registered voters. Ask them which candidate they plan to vote for.
4) If the sample you have chosen is a good representation of the voting American public, then you might assume that the percentage of voters in your sample who chose to vote republican will be the same percentage of voters in the entire population who will vote republican. You can assume the same for the democratic candidate as well as the other candidates.
Test the claim that 10% of a candy makers candies are red. Use a 0.05 significance and the table to answer the following questions: Find the proportion of the candies that are red?
Distinguish between Cost unit and cost centre
1. Compute the z scores for the following raw scores where = 78 and the standard deviation = 4. a. 72 b. 82 c. 78 d. 87 e. 71
For this second assignment you will have to use the OECD database to investigate possible changes in the policy preferences of Western welfare states. You have to develop (i) an in
How will the adoption of IFRS change financial reporting by companies? Manager 1: The new rules will definitely change the way our organization prepares financial statements.
Ask questionadvantage and disadvantage of frequency distribution #Minimum 100 words accepted#
All procedures that discover, recognize history, move, sustain, and review economical information to either generate economical statements or to provide inner control.
the number x = 37.46235 is round off to four significant figures. compute the absolute error
Have Minitab run a multiple linear regression to predict the margin of victory using the four predictors (home team record, away team record, stat1diff, stat2diff). Store the resi
Characteristics of index number
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