Describe how systematic random sampling could be used to select a random sample of 1,000 customers who

Question:

Describe how systematic random sampling could be used to select a random sample of 1,000 customers who have a certificate of deposit at a commercial bank. Assume that the bank has 25,000 customers who own a certificate of deposit.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

See More Books

Question Posted: Dec 02, 2015 01:31 AM

See More Questions

In Exercise 1.43 on page 15, you used simple random sampling to obtain a sample of 10 firms from Fortune Magazine's list of "The International 500." In exercise Each year, Fortune Magazine publishes...
In Exercise 1.49 on page 16, you used simple random sampling to obtain a sample of 10 firms from Fortune Magazine's list of "The International 500." In E 49 Each year, Fortune Magazine publishes an...
A researcher wants to select 1% of the 10,000 subjects from the sampling frame. She selects subjects by picking one of the first 100 on the list at random, and then skipping 100 names to get the next...
Consider an electric motor with a shaft power output of 20 kW and an efficiency of 88 percent. Determine the rate at which the motor dissipates heat to the room it is in when the motor operates at...
For each of the transactions for Cone Corporation in Exercise 15, indicate the amount of the increase or decrease on the appropriate element of the balance sheet or income statement. The first...
Explain why we need to draw random samples and how such samples are drawn. What are the properties of a (simple) random sample?
Explain the difference between consent and informed consent.
At the beginning of its operations in March 2016, Mastiff Supplies Ltd. began with 7,500 units of inventory that it purchased at a cost of $7.00 each. The companys purchases during March were as...
headquarters. The building was completed on September 30, 2025. Expenditures on the project were as follows: January 1, 2024 March 1, 2024 June 30, 2024 October 1, 2024 $ 1,680,000 1,260,000...
Study each of the following case. Answer the questions that follow with Yes or No. Nguyen, who was 17 years old, purchased a used boat, agreeing to pay for it in monthly installments over a two-year...
Why is convenience sampling considered to be a non-statistical sampling method?
Explain why a census does not necessarily have to involve a population of people. Use an example to illustrate.
A train travels due south at 30 m/s (relative to the ground) in a rain that is blown toward the south by the wind. The path of each raindrop makes an angle of 70o with the vertical, as measured by an...
Discuss what types of insurance you buy now (or are purchased on your behalf). ( rider life Insurance, health and all others covered through military retired as a dependent) What different types of...
The owner of a National Football League ( NFL ) team wants to move his team from its current city in the Midwest to a city in the West Coast. List at least three factors the owner should consider...
Explan: 1. How human rights violation affects communication? 2. Explain the image below about globalization and communication. FAKE NEWS 53333535 5555555 CLICK f 000 000 000 (O) M 222 20
Edge Corporation issues 20,000 shares of $5 stated value no par stock in exchange for land with an advertised price of $125,000 when the stock is actively trading for $6 per share. Journalize the...
Why do you suppose we tend to believe nonverbal cues, even when they contradict what a person is saying? Can you think of a situation in which you would believe the person's verbal message instead?
Which of the following constitutes easy money policy and is carried out directly by the Fed? a. The sale of Treasury securities b. A decrease in the federal funds rate c. A decrease in the discount...
Do animals have rights? If so, what are they? What duties do human beings have toward animals? Does KFC protect animal welfare at an acceptable level?
Findings from the National Health and Nutrition Examination Survey (NHANES) 19992002, the National Health Interview Survey (NHIS) 2006, and the Tobacco Use Supplement to the Current Population Survey...
Under what conditions should the finite population correction factor be used in determining the standard error of a sampling distribution?
A company in Hawaii manages properties for owners and arranges for the properties to be rented. A property owner who is considering using the company is told that 10% of the bookings result in a...
Paddington Gifts made purchases of a particular product in the current year as follows: Jan. 1 Beginning inventory Mar. 7 Purchased July 28 Purchased Oct. 3 Purchased Totals Required: 200 units @...
what cognitive alchemy does the visionary transmute the leaden constraints of the present into the gilded opportunities of tomorrow, orchestrating symphonies of innovation amidst the cacophony of...
a) Propose the most appropriate type of leadership that the Coca Cola Company's top management should rely on to execute the strategy, based on the type of organizational culture and strategy. b)...

Describe how systematic random sampling could be used to select a random sample of 1,000 customers who

Question:

Step by Step Answer:

From a numbered list of all customers who own a cer...View the full answer

Business Statistics A Decision Making Approach

Students also viewed these Statistics questions