Problem

a. For what value of c is the quantity ∑(xi – c)2minimized? [Hint: Take the derivative...

a. For what value of c is the quantity ∑(x_i – c)²minimized? [Hint: Take the derivative with respect to c, set equal to 0, and solve.]

b. Using the result of part (a), which of the two quantities )?

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Solutions For Problems in Chapter 1

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