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A Senator Wants to Estimate the Mean Age of Registered

question 74

Essay

A senator wants to estimate the mean age of registered voters in her state.Unfortunately,she does not have a complete list of households in her state.Describe a sampling plan that would be suitable for her purposes.


Definitions:

Price

The value that must be exchanged to obtain a good or service.

Quantity

Quantity refers to the amount or number of a material or immaterial good or service.

Marginal Cost

The price of manufacturing one additional product or service unit.

Marginal Revenue

The increase in income from the sale of one extra unit of a good or service.

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