The data from Exercise 1.70 (see data set EX0170), reproduced below, show the last digit of the
Question:
a. You found in Exercise 1.70 that the distribution of this data was relatively flat, with each different value from 0 to 9 occurring with nearly equal frequency. Using this fact, what would be your best estimate for the mean of the data set?
b. Use the range approximation to guess the value of s for this set.
c. Use your calculator to find the actual values of xÌ
and s. Compare with your estimates in parts a and b.
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...
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Related Book For
Introduction To Probability And Statistics
ISBN: 9780495389538
13th Edition
Authors: William Mendenhall, Robert J. Beaver, Barbara M. Beaver
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