a) What is the sample mean & sample standard deviation? b) What is the point estimate of the population mean? c) Explain why we need to use t-distribution and what are the assumptions on that?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 13PPS
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A sample of 10 tourist spending in Macau in February 2017. (in MOP)
2,698 2,028 2,474 2,395 2,372 2,475 1,927 3,006 2,334 2,379
a) What is the sample mean & sample standard deviation?
b) What is the point estimate of the population mean?
c) Explain why we need to use t-distribution and what are the assumptions on that?
Transcribed Image Text:A sample of 10 tourist spending in Macau in February 2017. (in MOP) 2,698 2,028 2,474 2,395 2,372 2,475 1,927 3,006 2,334 2,379 a) What is the sample mean & sample standard deviation? b) What is the point estimate of the population mean? c) Explain why we need to use t-distribution and what are the assumptions on that?
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