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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.
Data was gathered on a group of ninth grade students. Some students have been diagnosed with a learning disability. All students were measured on conduct, attention, hyperactivity
Accounting Standards in Canada: : In 2005, the Accounting Standards Board in Canada promoted the use of IFRS over the use of GAAP. The companies of Canada are supposed to ad
accounting equation.
Question 1 A courier company conducted a brainstorming session amongst drivers to ascertain the reasons why it was unable to deliver items to households, always right first time.
usefulness of study of regression
y=c+1075x, when x was 2, and y was 239, given that y intercept was 11. Calculate the residual
Take the Hotelling's location model (the linear city) discussed in class for the case in which all firms are required to charge the same fixed price. Further assume that firms choo
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Suppose the entire cola industry produces only two colas viz., Pepsi and Coke. Given that a person last purchased Pepsi, there is 90% that his next purchase will be Pepsi. Given
'Statistics is the backbone of decision-making'. Comment.
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