How can you relate expectancy and statistical error

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1. How can you relate “expectancy” and “statistical error?” Provide an eaxample.

2. Explain the limitations of a statistical average and how they can be dealt with.

3. (Inflation and interest rates?) What would you expect the nominal rate of interest to be if the real rate is 3.73.7 percent and the expected inflation rate is 6.86.8 ?percent? The nominal rate of interest would be nothing?%. ?(Round to two decimal? places.)

Reference no: EM132228250

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