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A simple random sample of5 months of sales data provided the following information: Month: 1 2 3 4 5 Units Sold: 98 110 82 98
A simple random sample of5 months of sales data provided the following information:
Month: 1 2 3 4 5
Units Sold: 98 110 82 98 92
a. Develop a point estimate of the population mean number of units sold per month.
b. Develop a point estimate of the population standard deviation (to 2 decimals).
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