Use the data of Exercise 7.14 to estimate (sigma) for the key performance indicator in terms of

Question:

Use the data of Exercise 7.14 to estimate \(\sigma\) for the key performance indicator in terms of

(a) the sample standard deviation;

(b) the sample range.

Compare the two estimates by expressing their difference as a percentage of the first.

Data From Exercise 7.14

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Related Book For  book-img-for-question

Probability And Statistics For Engineers

ISBN: 9780134435688

9th Global Edition

Authors: Richard Johnson, Irwin Miller, John Freund

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