Which sample should have the smaller margin of error

Assignment Help Basic Statistics
Reference no: EM131745924

Question - Populations sampled and margins of error. Consider the following two scenarios. (A) Take a simple random sample of 100 sophomore college students in your state. (B) Take a simple random sample of 100 sophomore students at your college or university. For each of these samples you will record the amount spent on textbooks used for classes during the fall semester. Which sample should have the smaller margin of error? Explain your answer.

Reference no: EM131745924

Questions Cloud

Considered by top management at littleby : What factors weren’t considered by top management at Littleby and GBI that helped create the problem?
What are the ethical considerations of the given issue : What are the ethical considerations of this issue? What are the legal considerations of this issue? What ethical concepts and principles apply to this issue?
Discuss the amount due within the discount period : Warwick's returned $9,000 of the merchandise receiving a credit memo and then paid the amount due within the discount period
Discuss about the journal of forensic identification : A person who has not read (or seen) the item should be able to decide from what you have written whether or not he/she wants to read the article.
Which sample should have the smaller margin of error : Populations sampled and margins of error. Consider the following two scenarios. Which sample should have the smaller margin of error? Explain your answer
Critically reflect on importance of present and future value : Critically reflect on the importance of present and future values - What factors must be considered when calculating present and future values
Outstanding accounts receivable balance of a customer : Record the receipt of a note on November 1 for $10,200 to settle an outstanding accounts receivable balance of a customer
What is the size of the initial sample of students : What is the size of the initial sample of students that you will have to draw to obtain usable information from the sample size in part (b)
How do efficiency and effectiveness differ : How do efficiency and effectiveness differ? Can you have an efficient supply chain without having an effective supply chain?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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