Last answered:

20 Jan 2023

Posted on:

21 Nov 2022

2

2nd Question needs more elaboration

i need more elaboration about second question

2 answers ( 0 marked as helpful)
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Posted on:

13 Dec 2022

0

Hi Alaa, Hope you are doing well.

The question itself says "You go to Silicon Valley and visit 200 start-ups in a random manner"

Visiting 200 start-ups in a silicon valley alone is a representative sample, but visiting 200 start-ups in a random manner cannot be considered as representative.

Picking from NYU canteen is considerably representative, coz they are considering only students from canteen as a whole. 

Have a happy learning!

Posted on:

20 Jan 2023

0

Yes, you pick random start-ups in Silicon Valley, but you want the average valuation in the USA --> so by only selecting Silicon Valley companies, companies outside this region don't have the same chance of being picked, meaning that apart from not being representative, it's also not random?

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