(25000+75000)/2=50000
Well, isn't that just a happy little mistake! When you survey the entire population, you're looking at the actual parameter, not an estimate. A point estimate comes from sampling just a portion of the population, giving you an idea of what the parameter might be. Just remember, there are no mistakes in statistics, only happy little accidents!
0.03 percent is greater than 0.02 percent.
Percent error.
.3
6% of 75000= 6% * 75000= 0.06 * 75000= 4,500
12% of 75000= 12% * 75000= 0.12 * 75000= 9000
4.5% of 75000= 4.5% * 75000= 0.045 * 75000= 3375
40% of 75000 = 40% * 75000 = 0.4 * 75000 = 30000
2% of 75000 = 75000*2/100 = 1500
10% of 75000 = 7500 = 10% * 75000 = 10%/100% * 75000 = 7500
5% of 75000 = 3750
12.5% of 75,000 = 12.5% * 75000 = 0.125 * 75000 = 9,375
33% of 75,000= 33% * 75000= 0.33 * 75000= 24,750
75% of 75,000= 75% * 75000= 0.75 * 75000= 56,250
73% of 75,000= 73% * 75000= 0.73 * 75000= 54,750
2.5% of 75000 = 2.5/100 x 75000 = 1875