Parameters and assessing the mean

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Reference no: EM13117774

Statistics: Populations, Samples, Parameters and Assessing the Mean
1. The average time before hittin a jackpot at the local casino was estimated by using the average time that it took the first 100 players. Based on this information identify.
a) the population
b) the sample
c) a parameter

And

The mean is a useful measure but it can be misleading. Describe a circumstance when the mean is very useful measure and a circumstance when it is misleading?

Reference no: EM13117774

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