Suppose You Want to Estimate the Average Number of Courses

question 36

Multiple Choice

Suppose you want to estimate the average number of courses that students at your school take in the natural sciences. The registrar provides a complete list of student names, along with each student's campus or local address, class year, and major. Assuming that you can only select 100 students, your best estimate would probably come from a

• A) simple random sample.
• B) systematic sample.
• C) stratified random sample, stratifying on student major.
• D) cluster sample, with student residence halls serving as the clusters.
• E) quota sample, with twenty-five students selected from each class.

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Definitions:

Business Process

A series of steps that are followed to carry out some task in a business.

Output Capacity

The maximum amount of goods or services a company can produce in a given period under normal working conditions.

Maximum Weekly Output

The highest quantity of goods or services that can be produced or delivered by a company or facility in a week, given resource and operational constraints.

Managerial Accounting

An accounting practice focused on providing financial information to managers for decision-making, planning, and controlling business operations.