Question: Discuss the statistical techniques that you have learned this week and how they help in your ability to use sample based data to make business decisions. Specifically discuss how the mean varies between samples and how it compares to the mean of the entire “population”—in this case, a large sample. Also discuss how the mean of the sample means compares to that of the “population” mean. Discuss the use of sample statistics (sample mean and standard deviation) to estimate the population parameters (population mean and standard deviation) and the effect of sample size. What happens to the standard error of the mean as the sample size gets very large?”