A random sample of 5 values was taken from a population: 8.1, 6.5, 4.9, 7.3, and 5.9.

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A random sample of 5 values was taken from a population: 8.1, 6.5, 4.9, 7.3, and 5.9. Estimate the population mean and standard deviation, and the standard error of the estimate for the population mean.

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Business Statistics Using Excel

ISBN: 9780199659517

2nd Edition

Authors: Glyn Davis, Branko Pecar

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Question Posted: Nov 25, 2023 04:43 AM

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A random sample of 5 values was taken from a population: 8.1, 6.5, 4.9, 7.3, and 5.9.

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To estimate the population mean we can calculate the sample mean which is the average of the given v...View the full answer

Business Statistics Using Excel

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