Question

0. 1. Identify which of the following situations involve sampling from a finite population and which involve sampling from infinite populations: (4 points)
1. Obtain a simple random sample of customers in the accounts receivable portfolio of a retail company that has 25,000 customers.
2. Obtain a systematic sample of bottled juice produced at a large Canadian bottling plant.

Answer 1

Answer:

b) sampling from a finite population.

c) sampling from infinite populations.

Explanation:

First we will understand what is finite population and infinite population.

1. A population is said to be finite if it consists of a finite or fixed number of elements.

2. Infinite population: A population is said to be infinite if there is no limit to the number of elements it can contain.

Now ,

b) Here we to select sample of customers  from company that has 25000 customers. So we have finite or fixed number of elements.Hence this situation involves sampling from a finite population.

c) Here we have no idea about population size( number of bottles, that means there is no limit to the number of elements it can contain. Hence this situation involes sampling from infinite populations.