Exhibit 21-2
A simple random sample of 43 elements has been selected from a population of size 800. The sample mean is 500, and the sample standard deviation is 60.
-Refer to Exhibit 21-2. The population total is
A)34,400
B)21,500
C)400,000
D)500,000

Question

Quizplus · Accepted Answer

The formula for population total is N = n * x̄, where N is the population total, n is the sample size, and x̄ is the sample mean. Therefore, N = 43 * 500 = 21,500.

Exhibit 21-2 A Simple Random Sample of 43 Elements Has Been Selected