Identify Population, Sample, Sampling Frame and Parameter

question 24

Multiple Choice

Identify population, sample, sampling frame and parameter.
-ASW, a regional shoe chain, has recently launched an online store. Sales via the
Internet have been sluggish compared to their brick and mortar stores, and management
Wants to survey its regular customers about potential concerns regarding the security of
Online transactions. Which of the following is the parameter of interest in the ASW
Study?

• A) all regular ASW customers
• B) % of regular ASW customers who have concerns about online security
• C) ASW customers who belong to the rewards program
• D) % of ASW customers who belong to the rewards program that don't shop online
• E) none of the above

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Definitions:

Unknowable Complexity

A term describing situations or systems that are so complex they cannot be fully understood or predicted.

Random Patterns

Patterns that have no predictable order or sequence, appearing without any systematic arrangement.

Scientific Management

A management theory that examines and combines different work processes to enhance economic effectiveness and increase worker productivity.

Operations Management

The administration of business practices aimed at ensuring maximum efficiency within a company, focusing on managing processes and materials to produce goods and services.