When we compute the mean of a frequency distribution, why do we refer to this as an
Question:
When we compute the mean of a frequency distribution, why do we refer to this as an estimated mean?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
Because the exact values i...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-1259666360
17th edition
Authors: Douglas A. Lind, William G Marchal
Question Posted:
Students also viewed these Business questions
-
a. Compute the mean of the following sample values: 1.3, 7.0, 3.6, 4.1, 5.0. b. Show that (x x) = 0.
-
a. Compute the mean of the following sample values: 5, 9, 4, 10. b. Show that (x x) = 0.
-
Compute the mean of the following population values: 7, 5, 7, 3, 7, 4.
-
Suppose that two linear equations are graphed on the same set of coordinate axes. Sketch what the graph might look like if the system has the given description. (a) The system has a single solution....
-
For the initial probability vector [0.1 0.9] and the transition matrix A, find the next two probability vectors. 0.4 A = 0.8 0.6 0.2
-
Repeat the exercise in Problem 3.15 but let Y and X denote the male and the female critical reading scores, respectively. Assume a female critical reading score for 2008 of 505. Problem 3.15 a....
-
The concept of a critical insulation radius was introduced in Example 3.6. Consider the thin-walled copper tube and insulation of the example. Now, the tube temperature is \(-10^{\circ} \mathrm{C}\)...
-
Liz and John formed the equal LJ Partnership on January 1 of the current year. Liz contributed $80,000 of cash and land with a fair market value of $90,000 and an adjusted basis of $75,000. John...
-
Assume the zero-coupon yields on default-free securities are as summarized in the following table: Maturity 1 year 2 years 3 years 4 years 5 years Zero-Coupon Yields 3.20% 3.60% 3.80% 4.00% 4.20%...
-
There is an array A made of N integers. Your task is to choose as many integers from A as possible so that, when they are put in ascending order, all of the differences between all pairs of...
-
The following graph portrays the distribution of the number of spicy chicken sandwiches sold at a nearby Wendys for the last 141 days. The mean number of sandwiches sold per day is 91.9 and the...
-
Owens Orchards sells apples in a large bag by weight. A sample of seven bags contained the following numbers of apples: 23, 19, 26, 17, 21, 24, 22. a. Compute the mean and median number of apples in...
-
Why is the degree of collateral as specified in the loan agreement of importance to a lender? If the book value of the collateral is greater than or equal to the amount of the loan, is the credit...
-
A piece of selenium is illuminated by ultraviolet light and emits electrons via the photoelectric effect that starts at a speed of 1.88*10 5 m/s.These electrons are then caused to accelerate between...
-
Each of the following examples gives a non price factor that could change demand or supply . Illustrate this change graphically and then note the effect on equilibrium price and equilibrium quantity...
-
provide journal entries for mont of june A physical count showed $ 4 0 0 of repair supplies on hand at June 3 0 . Accrued but unpaid employee salaries were $ 4 0 0 . The company signed an agreement...
-
Question 2 A consumer purchases two goods, food (x) and clothing (y).He has the utility function U(X,Y) = XY, where X and Y denote amounts of X and Y consumed. Marginal utilities of X and Y are MU x...
-
A piece of selenium is illuminated by ultraviolet light and emits electrons via the photoelectric effect that starts at a speed of 1.88*10 5 m/s.These electrons are then caused to accelerate between...
-
According to the U.S. Centers for Disease Control and Prevention, 31% of adults in the United States have high blood pressure. If an adult was selected at random, determine the odds (a) Against the...
-
Ask students to outline the reasons why the various elements of culture (social structures and control systems, language and aesthetics, religion and other belief systems, educational systems, etc.)...
-
The 30-year mortgage rate is now less than 6.0%. A sample of eight financial institutions in Canada showed the mean mortgage rate to be 5.6375%, with a standard deviation of 0.6346%. At the 0.01...
-
At the 0.05 significance level, is there a significant difference between the average amount consumed at the college surveyed and the national average? Construct a 95% confidence interval. Use the...
-
The campus bookstore reported that students paid an average of $267 per semester for textbooks. To verify this statement, the student union decided to select a random sample of students and found the...
-
Marea's Cakes sells its cakes for $30 each. Ingredients cost Marea on average $10 per cake and she pays her baker $10 per cake. For the upcoming year, Marea's fixed costs will be $50,000 and she...
-
The statement of cash flow consists of three main activities, as follows: Operating Investing Financing Each section provides the reader with details on where the cash came from and where the cash...
-
How would i calculate the desired ROI per unit based on this information: $65Per Unit Direct Materials $48.00Per Unit Direct Labour $16.00Per Unit Variable Manufacturing Overhead $12.00Per Unit...
Study smarter with the SolutionInn App