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Suppose, to Select a Sample from a Population of 3000

question 26

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Suppose, to select a sample from a population of 3000 persons, the following procedure is followed. The names of the people are written on identical, square pieces of thin cardboard measuring one inch on a side, and these pieces of cardboard are then tumbled in a clothes dryer (with the heat shut off) . After 30 minutes, a blindfolded person reaches in and withdraws a selected number of names. What can be said about this sample?


Definitions:

Public Corporation

A company whose shares are publicly traded on a stock exchange, subject to regulatory scrutiny.

Proprietorship

A form of business organization owned by a single person who is responsible for its operations and entitled to its profits.

Barber Shop

A place of business that offers men hair cutting, grooming, and often, shaving services.

External User

Individuals or entities outside of a company who have an interest in the company's financial information, such as investors, creditors, or regulators.

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