Example of selection a sample, Basic Statistics

Assignment Help:

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.


Related Discussions:- Example of selection a sample

Inferential statistics and descriptive statistics, A team of archeologists ...

A team of archeologists have discovered the fossil skull of an extinct and exceptionally large crocodile (sarcosuchus).  Unfortunately, they have not been able to fi

Managerial accounting, The ABC Company''s old equipment for making subassem...

The ABC Company''s old equipment for making subassemblies is worn out. The company is considering two alternatives: a) Completely replacing the old equipment with new equipment b)

What is a basis point?, What is a basis point? A base factor is a hundre...

What is a basis point? A base factor is a hundredth (1/100) of an amount factor. Indicated another way, one amount factor is equal to 100 base factors. This means that if an amo

What is the probability that a major defect is detected, Back to the worksh...

Back to the workshop the previous problem but assuming that in each of the three stages of development, there is a certain probability that a major defect is detected. When such a

Accounting cycle, The Steven Wholesale Co. uses the periodic inventory syst...

The Steven Wholesale Co. uses the periodic inventory system. The following transactions occurred during the month of May, the last month of the fiscal year that runs from June 1 t

Correlation, difference between positive and negative correlaiton

difference between positive and negative correlaiton

SPSS, Assignments due 9/14/2012 Need pricing

Assignments due 9/14/2012 Need pricing

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd