Table of contents
- 1. Introduction to Statistics53m
- 2. Describing Data with Tables and Graphs2h 1m
- 3. Describing Data Numerically1h 48m
- 4. Probability2h 26m
- 5. Binomial Distribution & Discrete Random Variables2h 55m
- 6. Normal Distribution & Continuous Random Variables1h 48m
- 7. Sampling Distributions & Confidence Intervals: Mean1h 17m
- 8. Sampling Distributions & Confidence Intervals: Proportion1h 20m
- 9. Hypothesis Testing for One Sample1h 8m
- 10. Hypothesis Testing for Two Samples2h 8m
- 11. Correlation48m
- 12. Regression1h 4m
- 13. Chi-Square Tests & Goodness of Fit1h 30m
- 14. ANOVA1h 4m
1. Introduction to Statistics
Intro to Stats
Struggling with Statistics for Business?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
A report shows the amount (in dollars) spent by each customer in a grocery store. Is this data set a population or sample?
A
Population
B
Sample

1
Understand the definitions: A 'population' refers to the entire group that you want to draw conclusions about, while a 'sample' is a subset of the population used to represent the population.
Identify the context: The problem mentions 'the amount spent by each customer in a grocery store.' This implies that the data includes all customers who visited the store.
Determine if the data set includes all members of the group: If the data set includes every customer who visited the grocery store, then it represents the entire population.
Consider the scope of the data: If the data set is limited to a specific time frame or a specific group of customers, it might be a sample. However, if it includes all customers without restriction, it is a population.
Conclude based on the information: Since the problem states 'the amount spent by each customer,' it suggests that the data set includes all customers, indicating that it is a population.
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