a. Statistics 201 is a course taught at a university. Professor A. Verage has taught nearly1,500 students in the course over the past 5 years. You would like to know the averagegrade for the course.
b. As part of a research project, you need to report the average profitability of the numberone corporation in the Fortune 500 for the past 10 years.
c. You are looking forward to graduation and your first job as a salesperson for one offive large pharmaceutical corporations. Planning for your interviews, you will need toknow about each company’s mission, profitability, products, and markets.
d. You are shopping for a new MP3 music player such as the Apple iPod. The manufacturersadvertise the number of music tracks that can be stored in the memory. Usually,the advertisers assume relatively short, popular music to estimate the number oftracks that can be stored. You, however, like Broadway musical tunes and they aremuch longer. You would like to estimate how many Broadway tunes will fit on yourMP3 player.