Question
In: Statistics and Probability
A grocery store is interested in how much money, on average, their customers spend each visit in the produce department.
A grocery store is interested in how much money, on average, their customers spend each visit in the produce department. Using their store records, they draw a sample of 1,000 visits and calculate each customer’s average spending on produce. Who is the population of interest?
Solutions
Expert Solution
A grocery store is interested in how much money, on average, their customers spend each visit in the produce department.
We know that the population of interest is the population which is consulted for statistical study. Here as grocery store want to make inference about average money spend by customer in each visit in produce department, grocery store needs to consult customer who visit in produce department. Hence in example in hand, the population of interest is the grocery stores customer who visit in the produce department.
orchestra answered 1 year agoRelated Solutions
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