Friday
March 24, 2017

Post a New Question

Posted by on Monday, January 17, 2011 at 7:26pm.

Suppose i am interested in the average price of books at a bookstore. i randomly pick 15 books.?
i calculate the average of those, report my findings to the newspaper. can you identify the following:

a. the population under consideration
b. the parameter of intrest
c. the sample involved
d. the statistic involved


do you think the statistic will give us good information about the parameter of intrest?

  • stats - , Monday, January 17, 2011 at 11:58pm

    You want an estimate of the mean price of all books in the store from a random sample of 15 books.

    Does rephrasing the problem help?

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question