Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose we are interested in the average net sales (in millions of dollars) for a population of 37 companies that manufacture computer equipment : (1)
Suppose we are interested in the average net sales (in millions of dollars) for a population of 37 companies that manufacture computer equipment : (1) 42. 88 (2) 43.36 (3) 9. 08 (4) 40.94 (5) 80.72 (6) 253 . 20 (7) 103.19 (8) 2869.35 (9) 196.32 (10) 193.34 (11) 18.99 (12) 30.90 (13) 3009.49 (14) 35.52 (15) 21.22 (16) 90. 48 (17) 17.33 (18) 7.96 (19) 7.94 (20) 5.21 (21) 6.58 (22) 8.75 (23) 39.98 (24) 17.66 (25) 17.47 (26) 7.30 (27) 4.59 (28) 6.03 (29) 29.93 (30) 21.64 (31) 29.50 (32) 20.52 (33) 8.43 (34) 58.08 (35) 35.52 (36) 21. 13 (37) 29.83 i) Suppose that a sample SYS 1-among-7 is taken from this population in order to estimate total sales. If the first company selected is the third in the list, what is the sample? ii) Describe the sampling plan of part i) in terms of cluster sampling. iii) Following the answer to part ii), explain the difficulty encountered when calculating the sampling variance of the design described in number i). iv) Assuming that the systematic sample taken in i) can be treated as an SRS, give a 95% C.I. of total net sales for the year 2000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started