Chapter 1: Problem 14
Give one example each of sampling with and sampling without replacement.
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Chapter 1: Problem 14
Give one example each of sampling with and sampling without replacement.
These are the key concepts you need to understand to accurately answer the question.
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A federal govemment think tank wanted to investigate whether a job training program helps the families who are on welfare to get off the welfare program. The researchers at this agency selected 10,000 families at random from the list of all families that were on welfare. Of these 10,000 families, the agency randomly selected 5000 families and offered them free job training. The remaining 5000 families were not offered such job training. After 3 years the two groups were compared in regard to the percentage of families who got off welfare. Is this an observational study or a designed experiment? Explain.
The following table lists the total revenue for each of a few selected companies for the year 2014 (Source: Fortune Magazine). $$ \begin{array}{lc} \hline \text { Company } & \begin{array}{c} \text { Revenue for Fiscal Year 2014 } \\ \text { (millions of dollars) } \end{array} \\ \hline \text { Walmart } & 476,294 \\ \text { Exxon Mobil } & 407,666 \\ \text { Apple } & 170,910 \\ \text { General Motors } & 155,427 \\ \text { Ford Motor } & 146,917 \\ \text { General Electric } & 146,231 \\ \hline \end{array} $$ Explain the meaning of a member, a variable, a measurement, and a data set with reference to this table.
The number of shoe pairs owned by six women is \(8,14,3,7,10\), and 5 , respectively. Let \(x\) denote the number of shoe pairs owned by a woman. Find: a. \(\sum x\) b. \(\left(\sum x\right)^{2}\) c. \(\sum x^{2}\)
The following table lists the number of billionaires for each of a few selected countries as of October \(2014 .\) $$ \begin{array}{lc} \hline \text { Country } & \text { Number of Billionaires } \\ \hline \text { United States } & 492 \\ \text { China } & 152 \\ \text { Russia } & 111 \\ \text { Germany } & 85 \\ \text { Brazil } & 65 \\ \text { India } & 56 \\ \hline \end{array} $$ Are the data presented in this table an example of cross-section or of time- series data? Explain.
Explain the following. a. Random sample b. Nonrandom sample c. Convenience sample d. Judgment sample e. Quota sample
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