For each of the following three populations indicate what th

For each of the following three populations, indicate what the sampling distribution for samples of 25 would consist of:

a. customer receipts for a supermarket for a year.

b. Insurance payouts in a particular geographical area in a year.

c. call center logs of inbound calls tracking handling time for a credit card company during the year.

Solution

(a)

The sampling distribution for customer reciepts will include the distribution of expenditure of customer for various categories like food, clothing, etc.

(b)

The sampling distribution of insurance payouts will consists of range of money people expend on insurance in given geographical area.

(c)

The sampling distribution of call center logs will consist of scores of handling time of different creditors.