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
• E) none of these choices

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Definitions:

Multiple Locations

The operation of a business or organization in more than one geographical area or physical site.

Web-Based HR

Human resources practices and systems delivered through the internet to manage HR activities, such as recruitment, training, and performance appraisal.

James Meredith

An American civil rights activist known for being the first African American student to attend the University of Mississippi in 1962, challenging racial segregation.

African-American Student

A student of African descent in America, often focusing on their educational experiences, challenges, and achievements within the American educational system.