The Magnolia Swimming Pool Company Wants to Determine the Average

question 71

Multiple Choice

The Magnolia Swimming Pool Company wants to determine the average number of years it takes before a major repair is required on one of the pools that the company constructs.The president of the company asks Rick Johnson, a company accountant, to randomly contact fifty families that built Magnolia pools in the past ten years and determine how long it was in each case until a major repair.The information will then be used to estimate the average number of years until a major repair for all pools sold by Magnolia.The average based on the data gathered from the fifty families can best be described as a _______.

• A)parameter
• B)sample
• C)population
• D)statistic
• E)frame

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Definitions:

Accountant-Client Privilege

A legal principle protecting communications between a client and their accountant from being disclosed without the client's permission.

Federal Courts

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State

A political entity that possesses sovereignty, consisting of an organized government, a defined territory, and the capacity to enter into relations with other states.

Working Papers

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