Solution-Find the mean and standard deviation of this

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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Find the mean and standard deviation of this population

Reference no: EM13948025

Reference no: EM13948025

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