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Unformatted text preview: interest. Sample refers to the subset of a population or a process.(Coursepacket) Its a sub-collection of the entire data that has to be studied. Process refers to the set of conditions that repeatedly come together to transform inputs or outputs.(Coursepacket) 2. Give an example of a population and a sample. A company decides to carry out a marketing survey for its upcoming product. They decide to review the need for smart television in various age groups. The population for this study will be the population of the entire area where the company is planning to launch the product. 3. Define parameter and statistic....
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This note was uploaded on 11/08/2011 for the course SCM 200 at Pennsylvania State University, University Park.