Question: explain your steps for each part. Question 2 (a) A big company in the IT sector has 329,373 employees and 637,133 stockholders. A vice president

explain your steps for each part.

explain your steps for each part. Question 2 (a) A big company

Question 2 (a) A big company in the IT sector has 329,373 employees and 637,133 stockholders. A vice president plans to conduct a survey to study the numbers of shares held by individual stockholders. (i) State with justification whether the numbers of shares held by stockholders discrete or continuous (ii) ldentlfy the level of measurement (nominal, ordinal, interval, ratio) for the numbers of shares held by stockholders. (iii) If the survey is conducted by telephoning 20 randomly selected stockholders in fifty (50) countries. determine with iustification, what type of sampling (random, systematic, convenience. stratified. cluster) is being used. 1 (iv) ii a sample of 1000 stockholders is obtained. and the average (mean) number of shares is calculated tor this sample, determine whether the result is a statistic or a parameter. (v) Discuss about the appropriateness of a survey. to get an idea of stockholders views about employee benefits. by mailing a questionnaire that stockholders could complete and mail back. [2+2+2+2+2 marks]

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