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The mean is a very useful measure

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Reference no: EM13647439

The average time before hitting 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 & The mean is a useful measure but it can be misleading.

Describe a circumstance when the mean is a very useful measure and a circumstance when it is misleading

Reference no: EM13647439

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