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Eugene Gates, Marketing Director of Mansfield Motors Manufacturers, Inc

Question 10

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Eugene Gates, Marketing Director of Mansfield Motors Manufacturers, Inc.'s Electrical Division, is leading a study to assess the relative importance of product features.An item on a survey questionnaire distributed to 100 of Mansfield's customers asked them to rate the importance of "ease of maintenance" on a scale of 1 to 10 (with 1 meaning "not important" and 10 meaning "highly important") .His staff assembled the following statistics: Eugene Gates, Marketing Director of Mansfield Motors Manufacturers, Inc.'s Electrical Division, is leading a study to assess the relative importance of product features.An item on a survey questionnaire distributed to 100 of Mansfield's customers asked them to rate the importance of  ease of maintenance  on a scale of 1 to 10 (with 1 meaning  not important  and 10 meaning  highly important ) .His staff assembled the following statistics:   If Eugene concludes that the average rate of  ease of maintenance  for all customers is 7.5, he is using ___. A) a range estimate B) a statistical parameter C) a point estimate D) an interval estimate E) a guesstimate If Eugene concludes that the average rate of "ease of maintenance" for all customers is 7.5, he is using ___.


A) a range estimate
B) a statistical parameter
C) a point estimate
D) an interval estimate
E) a guesstimate

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