Twenty One (21) Customers Out of a Simple Random Sample

question 106

True/False

Twenty one (21) customers out of a simple random sample of 50 said that they came to the grocery store within one month after getting a card from the company. Based on the data, the marketing manager thinks that the number of total customers who would come in to the grocery store within one month is 4,200 because 10,000 cards were mailed.

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Definitions:

Belgium, Norway, Sweden

Belgium, Norway, and Sweden are three distinct countries, each located in Europe, known for their unique culture, governance, and economic systems.

United States

A country in North America consisting of 50 states and a federal district, known for its large economy and influential cultural and political role globally.

Collective Bargaining

The process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Unions

Organizations formed by workers to protect their rights and interests, often engaging in collective bargaining.