When we compute the mean, variance, and standard deviation using grouped data, the results obtained are approximations

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When we compute the mean, variance, and standard deviation using grouped data, the results obtained are approximations of the population (or sample) mean, variance, and standard deviation. Explain why this is true.

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Essentials Of Business Statistics

ISBN: 9780078020537

5th Edition

Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or

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Question Posted: May 28, 2015 08:15 AM

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When we compute the mean, variance, and standard deviation using grouped data, the results obtained are approximations

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The midpoint M e stimates the average of the n measurem...View the full answer

Essentials Of Business Statistics

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