Question

A random sample of 300 executives out of 2500 employed by a large firm showed that 270 would move to another location if it meant a substantial promotion.

1. What is the population? The population consists of the 2500 employed
2. What is the sample?
3. What is the statistic?
4. Based on these findings, write a brief note to management regarding all executives in the firm.
5. Is this an example of descriptive or inferential statistics?

Answer 1

(a) Here the population is 2500 employees of the given large firm.

(b) Here sample is 300 executives out of 2500 employees.

(c) Here statitic is 270 people whowill move to another location if it means a substantial promotion.

(d) Here as we can see that there is 90% employees who would like to move to another location if it means a substantial promotion,. Management could be informed about that and plan their HR and transfer roles accordingly.

(e) Here it is inferential statistic as it makes inferences and predictions about a population based on a sample of data taken from the population in question.