Question

Devise a practical sampling method (not necessarily one of those mentioned in this chapter) to collect data to estimate each parameter.

a. Mean length of TV commercials during Monday night NFL games.

b. Percentage of peanuts in cans of Planter’s Mixed Nuts.

c. Percentage of bank mortgages issued to first-time borrowers.

d. Percentage of all California adults who have no bank account.

e. Percentage of institutional holdings of publicly traded stocks in the United States.

Solution

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Answered 8 months ago
Answered 8 months ago
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a) In this task, we need to use the appropriate sampling method to estimate the parameter. The parameter that we need to estimate is the mean length of TV commercials during Monday night NFL games.

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