Elementary Statistics: Picturing the World (6th Edition)

Published by Pearson
ISBN 10: 0-32191-121-0
ISBN 13: 978-0-32191-121-6

Chapter 1 - Introduction to Statistics - Section 1.1 An Overview of Statistics - Exercises - Page 7: 33

Answer

The population is all the 500 companies listed in the Standard & Poor's 500. The sample is the 65 companies contacted.

Work Step by Step

The researcher wants to gather information about the staring salaries of companies listed on the Standard & Poor's 500. Therefore, the population would be all the 500 companies on the list. The sample, which is a subset of the population, would be the 65 out of the 500 companies on the list.
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