Will sample statistics accurately estimate purchasing habits


We're not told that the top 1000 would be the majority. IF that is true then the sample might be a good indicator for the company. However, if it is not true then it's probably not representative of all the customers and could lead to strange projections.

One question that I have is: Will these sample statistics accurately estimate the purchasing habits of all our customers? Can you share some of your thoughts on that question? Why or why not?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Will sample statistics accurately estimate purchasing habits
Reference No:- TGS0107959

Expected delivery within 24 Hours