fortune publishes data on sales, profits, assets, stockholders’ equity, market value, andearnings per share for the 500 largest U.S. industrial corporations (fortune 500, 2012).Assume that you want to select a simple random sample of 10 corporations from the fortune 500 list. Use the last three digits in column 9 of Table 7.1, beginning with 554. Readdown the column and identify the numbers of the 10 corporations that would be selected

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.