Estimating the average time for swimmers

Assignment Help Accounting Basics
Reference no: EM131624913

Question: Sampling and Non-sampling Risk. Read the following five independent sampling applications. Required: Indicate whether each situation is characteristic of sampling risk (S) or non-sampling risk (N). Provide a brief explanation for your answer.

a. You are estimating the average net income of passengers on a particular airline flight. You randomly select three rows of seats (a total of 18 passengers) and calculate the average income of those passengers.

b. When estimating the average time for swimmers in a 25-meter freestyle race, you inadvertently include the times of swimmers from other events (butterfly, breaststroke, and backstroke) in your sample.

c. When estimating the average time necessary to finish an examination, the class of students you randomly selected was an honors section of the course.

d. When estimating the percentage of sixth-grade students who plan to attend college, your sample includes a disproportionate number of students attending intermediate schools located in small college towns (many of the parents are affiliated with the local university).

e. When estimating the total amount of money held in savings accounts by people of various nationalities, you make some inadvertent mistakes in converting various currencies into U.S. dollars.

Reference no: EM131624913

Questions Cloud

Types of financial analysis : Your text presents two types of financial analysis: common-sizing and financial ratio analysis. What are the benefits of common-sizing (horizontal and vertical
What are other types of value : The owner's equity is the book value of the firm. In a publicly-held corporation, what are other types of value? How are they calculated?
Proposal for your chosen policy that explains your thoughts : Policies are constantly reviewed and considered to help improve the federal, state, or local health care systems.
How you feel the community libraries can coexist : Your task is to write a research paper on how you feel the community libraries can coexist with this new technology and become extinct.
Estimating the average time for swimmers : When estimating the average time for swimmers in a 25-meter freestyle race, you inadvertently include the times of swimmers from other events.
What are the advantages and disadvantages of sampling : Basic Sampling. You are attempting to determine whether you are taller or shorter than the average of students currently enrolled in your university.
What do the main characters actions say about him : What do the main character's actions say about him/her? Describe the writer's technique for getting this information across.
Determine the yield to maturity : a. Determine the yield to maturity. b. What is the value of the bonds to you given the yield to maturity on a? comparable-risk bond?
How strategic and operational budgets are integrated : Compare and contrast with an illustration how strategic, tactical and operational budgets are integrated around 700++ words

Reviews

Write a Review

Accounting Basics Questions & Answers

  You are an ethnographic researcher writing an article for a

you are an ethnographic researcher writing an article for a popular organizational behavior research journal. your

  Describe the reporting of pension plans

Describe the reporting of pension plans for a company with multiple plans, some of which are underfunded and some of which are overfunded.

  Prepare the year-end balance sheet

Provide justification and analysis as to why you chose the order you did. Prepare the year-end balance sheet for 2015. Be sure to use proper headings

  Statement of cash flows for an upcoming shareholders meeting

You are an accountant at Evergreen, Inc and your boss (the CFO) has asked you to prepare the company's statement of cash flows for an upcoming shareholders meeting.

  What is the source of the interest income to the us person

The British citizen pays all the interest this year. What is the source of the interest income to the US person

  What are the three main categories of manufacturing costs

Corey Rimmel, Adam Hendin, and David Melnick of Hot Box Cookies must understand manufacturing costs to effectively operate and succeed as a profitable.

  During the current year carl equipment stores had net sales

during the current year carl equipment stores had net sales of 600 million a cost of goods sold of 500 million average

  Cash dividends of 60000 were paid in cashinvestments with a

the comparative balance sheet of nance company for the current year and the preceding year ended december 31 appears

  In october overhead was underapplied by 1360 the company

kuvomi corporation worked on four jobs during october job f346 job f347 job f348 and job f349. at the end of october

  Cassies computer parts has two decentralized divisions

cassies computer parts has two decentralized divisions hardware and pre-fab. pre-fab has always purchased certain units

  Grand rapids co has a fiscal year ending on april 30 on may

grand rapids co. has a fiscal year ending on april 30. on may 1 2010 grand rapids borrowed 10000000 at 11 to finance

  A preliminary feasibility analysis indicated that the

a sports nutrition company is examining whether a new high-performance sports drink should be added to its product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd