This question evaluates understanding of size-biased sampling, selection bias correction, finite-population total estimation, and uncertainty quantification in survey sampling.
You run a restaurant with N = 10,000 reservations in a day. Each reservation j has:
To reduce measurement effort, you only observe for a sample of n = 1,000 reservations. The sampling is size-biased:
Using the 1,000 sampled pairs , estimate the total number of people who would show up across all 10,000 reservations:
State any assumptions needed, and explain how you would quantify uncertainty (e.g., a confidence interval).
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