Given a data set of high performing sales numbers from a population of 2000 sales people across a national company, how is a sampling error calculated?
A)subtracting the sample statistic from the population parameter
B)subtracting the population parameter from the sample statistic
C)subtracting the sample mean from the data value
D)subtracting the data value from the sample mean

Question

Quizplus · Accepted Answer

To calculate a sampling error, you must subtract the sample statistic from the population parameter.
Key Takeaway: A sampling error is calculated by subtracting a sample statistic. For example, a sampling error of means can be calculated by subtracting mean salesâ€™ figures for one sales person from the population parameter or mean salesâ€™ figures for all 2000 sales people.

Given a Data Set of High Performing Sales Numbers from a Population