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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.
Let the national income model be: Y= c+1+G C=20+0.6y I=0.2y G=20 Where y= income, C= consumption, I= investment and G=government expenditure find y, C and I from the model. By quan
The following data relating cigarette smoking and death rates for lung cancers in 14 states in the USA. The data are based in part on records concerning 1960 cigarette tax receipts
An audit of the accounting records of Loch Ness Ltd. for the year ending 30 June 2012 discovered that the ending inventory balance was over-valued by $35,000
what are the properties of mean,mode and median?
Mention the characteristics of Statistics. Explain any two applications of Statistics
about 10 questions
Refund can be defined as return of a part of a purchase price by a seller to a buyer, usually on a purchase of a specified quantity or a value of goods within a specified period.
First of all, thank you very much for your help. I have a mixes data base, categorial variable, liclekt scale on 5 and 4, and continous variable, and several dummy. I would need h
two object are on the same level we release the first one vertically and the other one with an initial velocity which object will land first?
Q1 Choose the option that is closest to the exact value of the probability P (30 ≤ X Q2 Choose the option that is closest to the approximate value of the probability P
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