Reference no: EM131712858

Question: Take a small SRS of something you're interested in. Explain what it is you decide to study and carefully describe how you chose your random sample (give the random numbers generated and explain how you translated them into observations), report your data, and give a a point estimate and the standard error for the quantity or quantities of interest. The data collection for this exercise should not take a great deal of effort, as you are surrounded by things waiting to be sampled. Some examples: mutual fund data in the financial section of today's newspaper, actual weights of 1-pound bags of carrots at the supermarket, cost of an item at various stores, and time it takes to wait until your modem connects you to the computer system.