1. For each survey in the questions 1a) and 1b), describe the target population

ID: 3354939 • Letter: 1

Question

1. For each survey in the questions 1a) and 1b), describe the target population sampling frame, sampling unit, and observation unit 1a) A student wants to estimate the percentage of mutual funds whose shares went up in price last week. She selects every tenth fund listing in the Mutual Fund pages of the newspaper and calculate the percentage of those in which the share price increased 1b) A survey is conducted to find the average weight of cows in a region. A list of all farms is available for the region, and 50 farms are selected at random. Then the weight of each cow at the 50 selected farms is recorded

Explanation / Answer

1. a) Target Population : all mutual funds that were present in the pages of the newspaper

Sampling Frame : Systematic sample

Sampling unit : every tenth unit

Observation unit : every tenth fund in the Mutual Funds pages of the newspaper

b) Target Population : list of all farms available for the region

Sampling Frame : cluster sampling

Sampling unit : each unit in 50 randomly selected farms

Observation unit : weights of each cow in 50 randomly selected farms

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1. For each survey in the questions 1a) and 1b), describe the target population

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