Briefly describe the difference between a population and a sample and give an example of each


A population is the group of all items of interest to a statistics practitioner, while a sample is a set of data drawn from the studied population.

Examples: All students at the West Virginia University is a population, while 150 students randomly selected from West Virginia University is a sample.

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An entry to record the sale and issuance of bonds at a discount will include a credit to Discount on Bonds Payable

a. True b. False Indicate whether the statement is true or false

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Porsche relies on currency hedging rather than price increases to boost pretax profits on sales of its automobiles. What is the advantage of doing this, and how does hedging work?

What will be an ideal response?

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Longitude Company borrowed on a two-year, 10%, $150,000 note on May 1, with interest and principal to be paid at maturity. How much interest will Longitude report on its income statement for the year ending December 31?

a. $ 10,000 b. $ 15,000 c. $ 30,000 d. $ 5,000

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This and that are pronouns that may be used as adjectives. They are ________ and modify ________ nouns

a. plural; plural b. singular; singular

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