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(1) What are population mean, population variance, sample mean and sample variance? (2) Explain why sample...

(1) What are population mean, population variance, sample mean and sample variance?

(2) Explain why sample mean is a good approximation of population mean?

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Answer #1

Population means = M = 5 x population wasiance for a given 7 data points 5 xi mean mean Sample Sample Sample variance norex)

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Answer #1

Population means = M = 5 x population wasiance for a given 7 data points 5 xi mean mean Sample Sample Sample variance norex)

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