Question

Best Buy sells Fitbit wearable technology products that track a person’s activity. For example, the Fitbit technology collects daily information on the number of steps per day so a person can track calories consumed. The information can be synced with a cell phone and displayed with a Fitbit app. Assume you know the daily number of Fitbit Flex situation where the number of units sold is considered a sample. Illustrate a second situation where the number of units sold is considered a population.

Answer 1

One situation where the number of Fitbit Flex units sold can be considered a sample is when a research team buys a certain number of devices for a study on the effectiveness of Fitbit technology in promoting physical activity.

On the other hand, a situation where the number of units sold is considered a population is when Fitbit executives want to know the total number of units sold globally to determine the company's market share and overall performance in the wearable technology industry.

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Step-by-step explanation:

Answer 2

In the context of Fitbit sales at Best Buy, a sample refers to tracking the number of units sold in a specific timeframe, while a population represents the total number of units sold over a longer period.

Step-by-step explanation:

In the context of Fitbit sales at Best Buy, when the number of units sold is considered a sample, it means that Best Buy is tracking the number of units sold in a specific timeframe, such as a week or a month, to gain insight into sales trends and customer preferences. This sample represents a subset of the overall population of Fitbit wearable technology products sold by Best Buy.

On the other hand, a situation where the number of units sold is considered a population would imply that we are looking at the total number of units sold by Best Buy for a specific Fitbit model over a longer period, such as a year or multiple years. This population would include all the individual sales data, and we could analyze it to understand overall market performance or compare it with sales data from other retailers.