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A bowl contains five chips numbered 1 to 5. A random sample of two is drawn without replacement from this finite population. We assume that
A bowl contains five chips numbered 1 to 5. A random sample of two is drawn without replacement from this finite population. We assume that all possible pairs of chips are equally likely to be drawn. (a) What is the expected value of the sample mean? (b) What is the variance of the sample mean
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