Question

A business magazine mailed a questionnaire to the human resource directors of all of the Fortune 500 companies and received responses from 23% of them. Those responding reported that they did not find that such surveys intruded significantly on their workday.

a. What is the target population of this survey?
b. What is the parameter of interest of this survey?
c. What is the sampling frame of this survey?
d. What is the sample size of this survey?

Answer 1

Answer: a. Population = Fortune companies

b. Parameter = proportion of companies did not find that such surveys intruded significantly on their workday.

c. Sampling frame= List of all Fortune companies.

d. sample size = 500.

Explanation:

Population is the largest group of individuals of objects that are point of interest for a researcher.

Here, Population = Fortune companies

Parameter is the measure of characteristic of a population.

Here, Parameter = proportion of companies did not find that such surveys intruded significantly on their workday.

Sampling frame = List of all individuals in population.

Here , Sampling frame= List of all Fortune companies.

Sample is a subset of population , here sample size = 500.