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What is the mean of this population

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A company has hired 6 students. This is the entire population of new students hired. They have student loans of 15,000, 21,000, 17,500, 20,000, 16,500 and 19,000 dollars.  The company is thinking about a potential benefit to attract new graduate talent. Answer the following questions.

What is the mean of this population? My answer is 93166

What is the standard deviation of this population? My answer is 19622

If the company were to take a sample of only 3 of the students and use this data to estimate their population, what would the mean be? my answer is 18623

What would the sigma x-bar value be? This is the standard deviation for the sample of 3 students my answer is 14566

Reference no: EM132399890

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