February 21, 2017

Homework Help: stats

Posted by laura on Monday, January 17, 2011 at 7:26pm.

Suppose i am interested in the average price of books at a bookstore. i randomly pick 15 books.?
i calculate the average of those, report my findings to the newspaper. can you identify the following:

a. the population under consideration
b. the parameter of intrest
c. the sample involved
d. the statistic involved

do you think the statistic will give us good information about the parameter of intrest?

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