In Evaluating the Following Generalization(s),identify Sample,population,attribute of Interest,and the Extent

question 65

Short Answer

In evaluating the following generalization(s),identify sample,population,attribute of interest,and the extent to which the claims involved are knowable.Consider carefully the size and diversification of the sample and the extent to which the population differs or may differ from the sample;remember,what's important is that the sample be representative.
Readers of Consumer Reports can write in their opinions of movies they have seen.Each month,CR reports the total number of opinion votes it receives in this way.In one issue,the average rating of a certain movie is 4 on a scale of 1 to 5,with 5 the bad end of the scale.The total vote on the movie is 107.How sound would a generalization from this sample to American moviegoers in general be?

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Definitions:

Price Setting

The process by which businesses determine the selling price of their products or services, taking into account factors like costs, market demand, and competition.

Differential Analysis

An approach to decision making that focuses on the costs and benefits that change between decision alternatives.

Income Change

A variation in the amount of earnings a business generates over a period.

Alternative Course

A different plan or method that could be chosen instead of the original or current one.