Question
1.) A local business (which is open 7 days a week) has a spreadsheet listing all of its daily revenues over the past 5 years,
1.) A local business (which is open 7 days a week) has a spreadsheet listing all of its daily revenues over the past 5 years, ordered by date. (There are 1,855 revenues in the list) A sample of these revenues was obtained by taking every 35th entry. Is the sample that was obtained representative of the population of all revenues? Why or why not? What if instead of by date, the original list was organized by the size of the revenue, from smallest to largest?
2.) Does it make sense to construct a bar graph for the ages of randomly selected individuals in a sample? Explain why or why not.
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