Refer to Exercise 7.17. a. Use the data entry method in your calculator to find the mean

Question:

Refer to Exercise 7.17.
a. Use the data entry method in your calculator to find the mean and standard deviation of the 50 values of given in Exercise 7.17, part c.
b. Compare the values calculated in part a to the theoretical mean m and the theoretical standard deviation σ/ √n for the sampling of . How close do the values calculated from the 50 measurements come to the theoretical values?
Exercise 7.17.
A population consists of N = 5 numbers: 1, 3, 5, 6, and 7. It can be shown that the mean and standard deviation for this population are µ = 4.4 and σ = 2.15, respectively.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...