Question

Specifically, the number of industrial customers is stable at 1,500, but they are purchasing less each year. She orders her staff to search for causes of the downward trend by surveying all 1,500 industrial customers. For this study, the set of 1,500 industrial customers is ______________.

Answer 1

For this study, the set of 1,500 industrial customers is the population.

Explanation:

In this case, the 1500 industrial customers is the population, as it is the total stable customer base.

If they were doing a statistical study, they would have chosen a sample of 100 or 300 customers and infer characteristics of the population based on that statistical study.