Results of 2017 survey of sample of executives from 155 banks reveal insights on banking priorities among bank institutions in certain region As bank institutions begin planning new year of utmost importance is boosting profitability and identifying growth areas Fifty-two percent of bank institutions note mobile app experience initiatives as an area in which spending expected t0 increase_ Implementing mobile app relationship management (MARM) solution was ranked as the top most important omnichannel strategy to pursue with thirty-six percent of institutions citing mobile app banking enhancements as the greatest anticipated strategy to enhance the customer experience. Complete parts (a) through (d) What Is the population of interest? the 155 bank executives in the region all bank institutions in the region that are Implementing mobile app relatonship management solution all bank execulives representing bank institutions all bank institutions 0 E all bank customers in the region that use mobile app banking b. Whal is the sample (hat was collected? the 56 bank institutions the region that cite mobile app banking enhancements as the greatest anticipated strategy the 81 bank institutions in the region that note mobile app experience initiatives as an area in which spending expected t0 increase the 56 bank institutions the region all bank executives the 155 executives representing bank institutions What E possible parameter of interest? proportion of bank executives representing bank institutions that cite mobile app banking enhancements as the greatest anticipated strategy the proportion of bank institutions in the region that cite mobile app banking enhancements as the greatest anticipated strategy the proportion of bank executives in Ihe region who were sampled the proportion of bank institutions in the region that have mobile app banking What the statistic used to estimate the parameter found in (c)? Select the correct choice below and fill in the answer box (0 complete your choice (Type an integer Or decimal: Do not round ) % of all bank institutions the study use mobile app banking % of bank executives representing bank institutions earn more than S500,000 per year % of executives representing bank institutions in the study cite mobile app banking enhancements as the greatest anticipated strategy %0 of all bank executives were sampled in the study

Question

13-09-2022
Mathematics

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Results of 2017 survey of sample of executives from 155 banks reveal insights on banking priorities among bank institutions in certain region As bank institutions begin planning new year of utmost importance is boosting profitability and identifying growth areas Fifty-two percent of bank institutions note mobile app experience initiatives as an area in which spending expected t0 increase_ Implementing mobile app relationship management (MARM) solution was ranked as the top most important omnichannel strategy to pursue with thirty-six percent of institutions citing mobile app banking enhancements as the greatest anticipated strategy to enhance the customer experience. Complete parts (a) through (d) What Is the population of interest? the 155 bank executives in the region all bank institutions in the region that are Implementing mobile app relatonship management solution all bank execulives representing bank institutions all bank institutions 0 E all bank customers in the region that use mobile app banking b. Whal is the sample (hat was collected? the 56 bank institutions the region that cite mobile app banking enhancements as the greatest anticipated strategy the 81 bank institutions in the region that note mobile app experience initiatives as an area in which spending expected t0 increase the 56 bank institutions the region all bank executives the 155 executives representing bank institutions What E possible parameter of interest? proportion of bank executives representing bank institutions that cite mobile app banking enhancements as the greatest anticipated strategy the proportion of bank institutions in the region that cite mobile app banking enhancements as the greatest anticipated strategy the proportion of bank executives in Ihe region who were sampled the proportion of bank institutions in the region that have mobile app banking What the statistic used to estimate the parameter found in (c)? Select the correct choice below and fill in the answer box (0 complete your choice (Type an integer Or decimal: Do not round ) % of all bank institutions the study use mobile app banking % of bank executives representing bank institutions earn more than S500,000 per year % of executives representing bank institutions in the study cite mobile app banking enhancements as the greatest anticipated strategy %0 of all bank executives were sampled in the study

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joaobezerra joaobezerra · Answer 1 · 2022-09-16T12:50:14+02:00

Using sampling concepts, it is found that:

a) The population of interest is all bank institutions in the region that are Implementing mobile app relationship management solution.

b) The sample is given by the 155 executives representing bank institutions.

c) The possible parameter of interest is the proportion of bank institutions in the region that cite mobile app banking enhancements as the greatest anticipated strategy.

d) The statistic used to estimate the parameter is: 36% of executives representing bank institutions in the study cite mobile app banking enhancements as the greatest anticipated strategy.

What is population and sample?

Population: Collection or set of individuals or objects or events whose properties will be studied.

Sample: The sample is a subset of the population, and a well chosen sample, that is, a representative sample will contain most of the information about the population parameter. A representative sample means that all groups of the population are inserted into the sample.

Hence, for this problem:

a) The population of interest is all bank institutions in the region that are Implementing mobile app relationship management solution.

b) The sample is given by the 155 executives representing bank institutions.

Parameter and Statistic:

If the information is taken from a sample, it is called a statistic.

If the information is taken from a population, it is called a parameter.

Hence:

c) The possible parameter of interest is the proportion of bank institutions in the region that cite mobile app banking enhancements as the greatest anticipated strategy.

From the sample, the percentage is of 36%, hence:

d) The statistic used to estimate the parameter is: 36% of executives representing bank institutions in the study cite mobile app banking enhancements as the greatest anticipated strategy.

More can be learned about sampling concepts at https://brainly.com/question/25122507

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