MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
A simple random sample of 5 months of sales data provided the following information:
2 3
81
1
Month:
Units Sold: 99
120
a. Develop a point estimate of the population mean number of units sold per month.
98
b. Develop a point estimate of the population standard deviation (to 2 decimals).
4
5
99 91
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Transcribed Image Text:A simple random sample of 5 months of sales data provided the following information: 2 3 81 1 Month: Units Sold: 99 120 a. Develop a point estimate of the population mean number of units sold per month. 98 b. Develop a point estimate of the population standard deviation (to 2 decimals). 4 5 99 91
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