Statistics - Sample Distribution
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Here are the number of sales per day that were made by Kim Ryan, a cautious telemarketer who worked 4 days before being fired: 1, 11, 9, and 3. Assume that samples of size 2 are randomly selected with replacement from this population of 4 values. Find the mean of the sampling distribution.
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Solution Summary
The expert examines the sample distribution for a number of sales per day made by Kim Ryan. A neat and step-wise solutions are provided.
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We can draw samples of 2 from the four given sales figures in 4C2 ways = 6 ...
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