2nd day of class
Good day at school! I answered a question right in Statistics!! Here it is, even though i'm sure you're not interested:
Q. An insurance company wants to determine the time interval between the arrival of an insurance payment check and the time that check clears. A central payment office processes the payments for a five-state region. A random sample of 32 payment checks from this five-state region was recieved and processed. The time interval between receipt and check clearance was determined for each check. From this information the company estimated the time interval necessary for all checks sent to this office to clear.
What is the implied population?
My answer: Time interval between arrival of all insurance payment checks and the time all the checks clear for this insurance company (in this region).
in this region is an additional thing that should be there i added later, but i was very proud of myself for answering right!!! *happydance* Now, off to do homework.
Q. An insurance company wants to determine the time interval between the arrival of an insurance payment check and the time that check clears. A central payment office processes the payments for a five-state region. A random sample of 32 payment checks from this five-state region was recieved and processed. The time interval between receipt and check clearance was determined for each check. From this information the company estimated the time interval necessary for all checks sent to this office to clear.
What is the implied population?
My answer: Time interval between arrival of all insurance payment checks and the time all the checks clear for this insurance company (in this region).
in this region is an additional thing that should be there i added later, but i was very proud of myself for answering right!!! *happydance* Now, off to do homework.