Assignment
Explain the difference between the following:
1. A population parameter and its point estimate.
2. A population and a corresponding sample mean
3. Explain in your own words: range, variance and standard deviation for a population
Answer Exercises: 2.16, 2.28, 3.3, 3.19, and 3.31
NOTE: SHOW ALL THE CALCULATIONS - (YOU WILL NOT GET ANY CREDIT IF YOU DO NOT SHOW ALL THE CALCULATIONS)
REQUIRED TEXT
Business Statistics in Practice, 7/e
By Bruce L. Bowerman, Richard T. O'Connell and Emily S. Murphree
7th Edition ISBN: 978-0-07-352149-7