BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ acts as a representative of the population.
A
The variable
B
The variance
C
A sample
D
A random variable
Explanation: 

Detailed explanation-1: -A representative sample is a subset of a population that seeks to accurately reflect the characteristics of the larger group. For example, a classroom of 30 students with 15 males and 15 females could generate a representative sample that might include six students: three males and three females.

Detailed explanation-2: -A representative sample is one that accurately represents, reflects, or “is like” your population. A representative sample should be an unbiased reflection of what the population is like.

Detailed explanation-3: -Probability samples are selected in such a way as to be representative of the population. They provide the most valid or credible results because they reflect the characteristics of the population from which they are selected.

Detailed explanation-4: -What is a representative sample? A representative sample is a subset of data, usually from a larger group, that can portray similar characteristics. Representative sampling helps you analyze larger populations because the data generated contains smaller, more manageable versions of the larger group.

Detailed explanation-5: -In order to be a representative sample, the sample group must represent the population as a whole. For instance, if the researcher’s population of interest has 60% of people ages 18-25 and 40% of people ages 26-40, then the representative sample must also reflect this ratio.

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