Suppose There Are 500 Accounts in a Population

question 52

Multiple Choice

Suppose there are 500 accounts in a population.You sample 50 of them and find a sample mean of $500.What would be your estimate for the population total?

• A)$5,000
• B)$50,000
• C)$250,000
• D)$500,000

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Definitions:

Grant Proposals

Written documents submitted to organizations or agencies requesting funding for projects or research.

Clearly Identify

To recognize and define something without ambiguity, making it easily understandable.

Problem

A situation, task, or question that presents difficulty or uncertainty and requires a solution or answer.

Sperm

Male reproductive cells designed to fertilize female eggs during sexual reproduction, carrying genetic material to the egg.