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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.
For an alignment shown below derive log-odds score for the column 1 only by a) Computing observed probability values b) Expected probability values TAGCTT AAGCTC T
). Calculate Karl Pearson’s coefficient of correlation from the following data , using 20 as the working mean for price and 70 as the working mean for demand: Price: 14 16 17 18 1
Fenn Museum, a nongovernmental not-for-profit organization, had the following balances in its statement of functional expenses: Education $300,000 Fundraising 250,000 Management an
A politician claims that the mean salary for managers in his state is more than national mean $82,000. The salaries (in dollars) for a random sample of 30 managers in the state ar
why is net profit always greater in absorption costing than in direct costing?
#questioAssessment Part 2 (70%) You may undertake the analysis of one of the following three case studies: (a) Crime (Minitab project file: CRIM
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.
the number x = 37.46235 is round off to four significant figures. compute the absolute error
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Consider the sample data for plants A, B, C & D of the above company, which are tabulated in table 1. Test whether the four means are equal at the 5% level of significance. Perform
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