For the following questions, would you collect information using a sample or a population? Why?a. Statistics 201 is a course taught at a university. Professor A. Verage has taught nearly 1,500 students in the course over the past 5 years. You would like to know the average grade for the course.b. As part of a research project, you need to report the average profitability of the number one corporation in the Fortune 500 for the past 10 years.c. You are looking forward to graduation and your first job as a salesperson for one of five large pharmaceutical corporations. Planning for your interviews, you will need to know about each company’s mission, profitability, products, and markets.
For the following questions, would you collect information using a sample or a population? Why?
a. Statistics 201 is a course taught at a university. Professor A. Verage has taught nearly 1,500 students in the course over the past 5 years. You would like to know the average grade for the course.
b. As part of a research project, you need to report the average profitability of the number one corporation in the Fortune 500 for the past 10 years.
c. You are looking forward to graduation and your first job as a salesperson for one of five large pharmaceutical corporations. Planning for your interviews, you will need to know about each company’s mission, profitability, products, and markets.
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