Essentials of Business Statistics: Communicating With Numbers 1st Edition Solution Manual

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Chapter 01-Statistics and Data1-1Chapter 1.Statistics and DataSolutions1.a.The population is all iPhone 4 users.b.Sample statistics2.The value 35 is the estimated average age of the population.It is both costly and timeconsuming (likely impossible) to reach allvideo game players.3.a.The population is all students enrolled in the accounting class.b.The value 3.29 represents the population parameter since we are not choosinga sample but drawing results from the actual population.4.a.The population is allmarketing managers.b.No, the average salary is a sample statistic computed from a sample, not thepopulation.5.a.The population is all elderly people. The sample consists of 949 elderly people.b.22% and 17% represent the sample statistics.

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