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Laspeyre's Price Index

Identify the ...

Question

Identify the population from the following samples taken for the survey at the city to find which vegetable is preferred more among the citizen.

A

500 randomly chosen women in the city

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B

All the members of the sports club in the city

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C

All the citizens in the city

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D

All the men in the city

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Solution

The correct option is C All the citizens in the city
A population is the entire group that you want to draw conclusions about whereas a sample is the specific group that you collect data from.

Hence, the sample 'All the citizens in the city' represents the population.

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