nter nurmencal values as fractions in \"p/q. format, or as decimal approximation

Question

nter nurmencal values as fractions in "p/q. format, or as decimal approximations to the nearest 0.001 . roblem 1 A marketing company is interested in the proportion of people that will buy a particular product. Define the following in terms of the study. TERM ELEMENTS of STUDY AO BO CO DO EO FO G AO BO CO DO EO FO GO AO BO CO DO EO FO GO AO BO CO DO EO FO G AO BO CO DO EO FO GO AO BO CO DO EO FO GO AO BO CO DO E FO Go A Population The proportion of all people who will buy the product Sample A marketing company C Parameter The proportion of the sample who will buy the product D-Statistic = the number of people who will buy it E Variable buy. not buy F Data G = None All people (maybe in a certain geographic area, such as the United States) A group of the people

Explanation / Answer

A = population. all people (maybe in a certain geographic area, such as the United States)

B = Sample a group of the people

C = parameter the proportion of all people who will buy the product

D = statistics the proportion of the sample who will buy the product

E = variable X = the number of people who will buy it

F = data buy, not buy

G = none A marketing company

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