MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Identify the population, sample, parameter, and statistic from the following study:
According to an article in Fortune (Dec. 28, 1992), 401 (k) plans permit employees to shift part of their
before-tax salaries into investments such as mutual funds. Employers typically match 50% of the
employees' contribution up to about 6% of salary. One company, concerned with what it believed was a
low employee participation rate in its 401(k) plan, sampled 30 other companies with similar plans and
asked for their 401(k) participation rates.
Population: The 401(k) participation rates for companies with similar plans
Sample: Companies with similar plans
Parameter: The 30 companies surveyed
Statistic: 50% of the employees' contribution
|x
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Transcribed Image Text:Identify the population, sample, parameter, and statistic from the following study: According to an article in Fortune (Dec. 28, 1992), 401 (k) plans permit employees to shift part of their before-tax salaries into investments such as mutual funds. Employers typically match 50% of the employees' contribution up to about 6% of salary. One company, concerned with what it believed was a low employee participation rate in its 401(k) plan, sampled 30 other companies with similar plans and asked for their 401(k) participation rates. Population: The 401(k) participation rates for companies with similar plans Sample: Companies with similar plans Parameter: The 30 companies surveyed Statistic: 50% of the employees' contribution |x Question Help: D Post to forum Submit Question -xt Page
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