Question: 20 firms for population study

A. Select a random sample of 5 firms out of your population (20)

B. Compute the sampling error for the average and the standard deviation

C. Indicate (approximately) how far the average and standard deviation is from the population parameters.

D. Write a paragraph summarizing what you have learned about statistics and about this study.

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Solution: The downloadable solution consists of 6 pages, and 331 words
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