A Company Has Developed a New Power Cell and Wants

question 1

Multiple Choice

A company has developed a new power cell and wants to estimate its average lifetime.A random sample of 650 power cells is tested and the average lifetime of this sample is found to be 315 hours.The 315 hours is the value of a:

• A)parameter.
• B)statistic.
• C)sample.
• D)population.

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Definitions:

MIS Department

Refers to the Management Information Systems Department, a unit within an organization responsible for developing and managing technology solutions that facilitate business operations.

Mobile Subscriptions

Regular payment plans that allow users access to mobile phone services, including data, voice, and messaging.

Batches

Groups of items, tasks, or data processed or treated together as a set in manufacturing or information technology contexts.

Data

Information, often in the form of facts or statistics, collected together for reference or analysis.