THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 78

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A paper company is interested in estimating the proportion of trees in a 600-acre forest with diameters exceeding 2 feet.The company selects 30 plots (100 feet by 100 feet)from the forest and utilizes the information from the 30 plots to help estimate the proportion for the whole forest.
-What statistical term describes the 600-acre forest?

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Definitions:

Percentage

A fraction or ratio expressed as a part of one hundred, used to quantify or compare parts of a whole.

Wealth Holders

Individuals or entities that own assets of significant value, which may include money, real estate, investments, and other forms of wealth.

Total Wealth

The aggregate value of all financial and non-financial assets owned by an individual or society, minus any debts.

Distribution of Wealth

The way in which the wealth of a country is shared among its citizens or different groups in society.