From a Population of Size 400, a Random Sample of 40

question 44

Multiple Choice

From a population of size 400, a random sample of 40 items is selected. The median of the sample

• A)must be 200, since 400 divided by 2 is 200
• B)must be 10, since 400 divided by 400 is 10
• C)must be equal to the median of population, if the sample is truly random
• D)None of these alternatives is correct.

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Definitions:

Competitor

An entity that is in the same industry or market and vies for the same customers or resources.

Capital-Intensive

Describing industries or businesses that require a significant amount of capital investment to produce goods or services.