ny has determined that the mean number of days it takes to collect on its accounts receivable is 36 with a standard deviation of 11 days. The company plans to select a random sample of n=12 accounts and compute the sample mean. The sampling process follows a simple random sampling. The objective of random sampling is to gather data that accurately represent a population. 2b. If we carefully follow the sampling plan, there is a possibility to obtain zero sampling error. Please comment on this state
ny has determined that the mean number of days it takes to collect on its accounts receivable is 36 with a standard deviation of 11 days. The company plans to select a random sample of n=12 accounts and compute the sample mean. The sampling process follows a simple random sampling. The objective of random sampling is to gather data that accurately represent a population. 2b. If we carefully follow the sampling plan, there is a possibility to obtain zero sampling error. Please comment on this state
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A company has determined that the mean number of days it takes to collect on its accounts receivable is 36 with a standard deviation of 11 days. The company plans to select a random sample of n=12 accounts and compute the sample mean. The sampling process follows a simple random sampling. The objective of random sampling is to gather data that accurately represent a population.
2b. If we carefully follow the sampling plan, there is a possibility to obtain zero sampling error. Please comment on this statement.
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