Question: Bob has randomly selected ten observations (n = 10) and gets 32, 16, 10, 18, 15, 22, 17, 29, 40, 27 Help Bob to determine
Bob has randomly selected ten observations (n = 10) and gets
32, 16, 10, 18, 15, 22, 17, 29, 40, 27
Help Bob to determine the following values:
(a)The expected value of the sample mean. (Round to two (2) decimal places.)
(1 mark)
(b)The variance of the sample mean. (Round to two (2) decimal places.)
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