Suppose that a mathematician said that it is impossible to obtain a simple random sample from a

Question:

Suppose that a mathematician said that it is impossible to obtain a simple random sample from a real-world population. Therefore, the whole basis for applying statistical procedures to real problems is useless. How would you respond?

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

Step by Step Answer:

Related Book For book-img-for-question

Statistics For Business And Economics

ISBN: 9780132745659

8th Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

See More Books

Question Posted: Jul 07, 2015 03:23 AM

See More Questions

How would you respond when someone makes a decision that adversely affects you while saying, its nothing personal, its just business? Is business impersonal?
How would you respond to these contents in a way that is Legal, Moral And Ethical? Intellectual Property Rights, Confidential Information, Obligation of Confidence and Its Sources, Express Contract,...
How would you respond to a horizontal analysis that showed an expense increasing by over 80%?
Informative Speech Critique Evaluating Rhetorical Choices You may just number the questions and add a paragraph or two to answer - 1. Did you find the speaker credible? Why or why not? 2. Did the...
Using the questions asked in evaluating any questionnaire design (see Exhibit 8.5) evaluate the Santa Fe Grill Restaurant questionnaire at the end of this chapter. Write a one page assessment report....
Scott and Stacy are married, and they will file a joint return. Their modified adjusted gross income for the year is $185,000. They have an active participation rental real estate loss of $32,000. If...
For each of the following variables, identify whether you could use a pie chart, bar chart, histogram, or frequency polygon to visually display the data: a. Shoe size b. College major c. Favorite...
A bond trader purchased each of the following bonds at a yield to maturity of 8%. Immediately after she purchased the bonds, interest rates fell to 7%. What is the percentage change in the price of...
For each of the following products and services, indicate whether it is more likely produced in a process operation or a job order operation. 1. Tennis balls 2. Tea 3. Solar panels 4. Maple syrup 5....
1. As a supplier of the Indego, how should Boschs approaches differ in the two types of distribution in Figure 2? Figure 2 looks like this: 2. Which of the two distribution set-up should Bosch focus...
In the previous exercise, suppose that it is decided that a sample of 100 voters is too small to provide a sufficiently reliable estimate of the population proportion. It is required instead that the...
A company wants to estimate the proportion of people who are likely to purchase electric shavers from those who watch the nationally telecast baseball playoffs. A random sample obtained information...
Explain the federal estate-tax treatment of life insurance death proceeds.
The following data show the quarterly sales of the 6x* tents for three years at a sporting goods store. The store owner wants to forecast the quarterly sales for the next year. (a) Construct a time...
If f(x) = 1 + Inz 1 dt for x1, then f'(2) =
In the 1964 movie,Goldfinger, James Bond takes on the notorious gold smuggler andjeweller Auric Goldfinger. Goldfingers evil plan involves destroying the United Statesof Americas biggest stock of...
Find f(x) if f(x) = and f(1) = 4.
Suppose an electricity generating firm exists with the following cost functions, C(Q) = 2Q^2 + 3Q + 72, FC = 72, MC(Q) = 4Q + 3, AC(Q) = 2Q + 3 + (72/Q), AVC(Q) = 2Q + 3 Graph the AC(Q), the AVC(Q),...
Record the following transactions during the week ending Dec.30, 2014 with a weekly imprest 500. 2017 January 24 Stationery Bus fare 25 25 26 27 29 Cartage Taxi fare Wages to casual labour Postage...
Critical reading SAT scores are distributed as N(500, 100). a. Find the SAT score at the 75th percentile. b. Find the SAT score at the 25th percentile. c. Find the interquartile range for SAT scores....
BusinessWeek conducted a survey of graduates from 30 top MBA programs (BusinessWeek, September 22, 2003). On the basis of the survey, assume that the mean annual salary for male and female graduates...
The average score for male golfers is 95 and the average score for female golfers is 106 (Golf Digest, April 2006). Use these values as the population means for men and women and assume that the...
The average price of a gallon of unleaded regular gasoline was reported to be $2.34 in northern Kentucky (The Cincinnati Enquirer, January 21, 2006). Use this price as the population mean, and assume...
1) Based on the stock chart for Michaels Companies Inc, what do you think the short and long-term growth potentials are for this company? (discuss the advantages/disadvantages) Link to the stock...
After being drafted in the first round of the NFL draft, a star defensive end invests his signing bonus of $9,827,000.00 in a mutual fund. The fund pays on average 7.00% APR. The player will not...
XYZ Co has plans to issue 7,000, Eleven percent Debentures of Rs.100 each at a discount of 5%. The debentures are redeemable after 4 years and the commission payable to brokers & underwriters is Rs....

Suppose that a mathematician said that it is impossible to obtain a simple random sample from a

Question:

Step by Step Answer:

The response should note that there will be errors in taking a census of the e...View the full answer

Statistics For Business And Economics

Students also viewed these Statistics questions