Statistical Techniques in Business and Economics
Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 8, Problem 10E

There are five sales associates at Mid-Motors Ford. The five associates and the number of cars they sold last week are:

Chapter 8, Problem 10E, There are five sales associates at Mid-Motors Ford. The five associates and the number of cars they

  1. a. How many different samples of size 2 are possible?
  2. b. List all possible samples of size 2, and compute the mean of each sample.
  3. c. Compare the mean of the sampling distribution of the sample mean with that of the population.
  4. d. On a chart similar to Chart 8–2, compare the dispersion in sample means with that of the population.
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