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Find the mean and standard deviation of this population

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Reference no: EM13948025

Q5: A group of poker players are profile in this month's magazine. The table below lists their name and average winnings per tournament. Consider this to be a population.

Player

Average Winnings

Seattle Slim

$27000

KC Kate

$33000

Minnesota Mel

$45000

Gotham City Graced

$35000

The Player

$60000

a) find the mean and standard deviation of this population.

b) List all possible swamples of size 2.

c) Find the sample average for each sample.

d) Find µxbar

e) What is the arithmetic difference between µ and µxbar?

f) Will this always be true?

g) Should the small population/large sample adjustment factor be used in this case? Show why or why not.

h) Find oxbar.

Reference no: EM13948025

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