A real estate agent wishes to estimate the mean number of days on the market of all houses sold in the last two years in Union County. To do so, the agent examines the sales data of fifty randomly selected houses sold in that period. The population of interest to the agent is:

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Business

Karter Malone

20 October, 01:14

A real estate agent wishes to estimate the mean number of days on the market of all houses sold in the last two years in Union County. To do so, the agent examines the sales data of fifty randomly selected houses sold in that period. The population of interest to the agent is:

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Answers (1)

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Adam Tran · Answer 1

The population of interest to the agent is the fifty randomly selected houses sold in that period.

Explanation:

The population of interest is the target population the researcher is trying to draw an inference about from the collected data sets.

In this case, the agent is trying to draw inference from the fifty randomly selected houses sold in a particular period in order to estimate the mean number of days on the market of all houses sold in the last two years in Union County. He does this by examining the sales data of these selected houses.