hws12 - PSTAT 5E Quiz Homework 1 Solutions 1.7 a The...

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PSTAT 5E Quiz Homework 1 Solutions ± 1.7. a. The population consists of shopper opinions (‘prefer’ or ‘do not prefer’ background music) for all shoppers who might patronize the supermarket, now or in the future. b. It would not be possible to enumerate the entire population, since the identities of the future shoppers would not be known to the sampler. c. No, but it will serve as an estimate of the population percentage. ± 2.12. The six steps of the inference process are: Step 1: Question = what is the relative frequency of the home loan applications at banks and/or financial institutions during a particular month? Step 2: Population = all measurements of the monthly number of home loan applications at banks and/or financial institutions Alternative Step 2: Population = all commercial banks and/or lending institutions Step 3: Sample = 50 banks and/or lending institutions whose data on loan applications is recorded Step 4: Variable = number of home loan applications. Data=number of loan applications

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hws12 - PSTAT 5E Quiz Homework 1 Solutions 1.7 a The...

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