1 population parameter and its point estimate

Assignment 2
Explain the difference between the following:
1. A population parameter and its point estimate.
2. A population and a corresponding sample mean
3. Explain in your own words: range, variance and standard deviation for a population

Answer Exercises: 2.16, 2.28, 3.3, 3.19,  and 3.31

NOTE: SHOW ALL THE CALCULATIONS – (YOU WILL NOT GET ANY CREDIT IF YOU DO NOT SHOW ALL THE CALCULATIONS)

 

REQUIRED TEXT

 

 

Business Statistics in Practice, 7/e

 

 

 

 

By Bruce L. Bowerman, Richard T. O’Connell and Emily S. Murphree

 

 

 

7th Edition ISBN: 978-0-07-352149-7

 

 

 

 
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