Question

A recent survey by the alumni of a major university indicated that the average salary of 10,000 of its 300,000 graduates was $125,000. What is the Population?

Answer 1

The population is the total number of the universities graduates i.e
`N = 300,000`

Explanation:

From the question we are told that

The number of students that are consider is n = 10,000

The total number of graduates is
`N = 300,000`

The mean is
`\= x = \$125 , 000`

Here the population is The total number of graduates with value
`N = 300,000`, this is because a population is the pool from with a sample is drawn and in this case the pool is
`N = 300,000` while the sample with is drawn is n = 10,000