​From a Population of Size 1,000, a Random Sample of 100

question 7

Multiple Choice

​From a population of size 1,000, a random sample of 100 items is selected. The mean of the sample

• A) ​must be 10 times smaller than the mean of the population.
• B) ​must be equal to the mean of the population, if the sample is truly random.
• C) ​must be 10 times larger than the mean of the population.
• D) ​can be larger, smaller or equal to the mean of the population.

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Definitions:

Established Customer Base

A group of loyal customers a business has successfully developed over time, which forms the core of its regular buyers or clients.

Previous Management

Refers to the former team or individual(s) responsible for overseeing and directing the operations and strategic decisions of an organization.

Image

The general perception that the public or target audience has of a brand, company, or individual.

Business Location

The physical or virtual place where a company is situated or conducts its operations, which can significantly impact its success.