Solved

Suppose There Are 500 Accounts in a Population

Question 24

Multiple Choice

Suppose there are 500 accounts in a population.You sample 50 of them and find a sample mean of $500.What would be your estimate for the population total?


A) $5,000
B) $50,000
C) $250,000
D) $500,000
E) None of these choices

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q19: As the sample size increases, the t-distribution

Q19: The confidence interval for the population standard

Q20: The t-distribution for developing a confidence interval

Q22: The chi-square distribution for developing a confidence

Q25: The upper limit of the 90%

Q27: A parameter such as <span

Q29: The t-distribution and the standard normal distribution

Q29: There are,generally speaking,two types of statistical inference.They

Q44: If you are constructing a confidence interval

Q54: If two samples contain the same number