Question: Two chips are drawn without replacement from an urn containing five chips, numbered 1 through 5. The average of the two drawn is to be
Two chips are drawn without replacement from an urn containing five chips, numbered 1 through 5. The average of the two drawn is to be used as an estimator, ˆθ, for the true average of all the chips (θ = 3). Calculate P(|ˆθ −3| > 1.0).
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