Explain the difference between the following:
1. A population parameter and its point estimate.
2. A population and a corresponding sample mean
3. Explain in your own words: range, variance and standard deviation for a population
Answer Exercises: 2.16, 2.28, 3.3, 3.19, and 3.31
NOTE: SHOW ALL THE CALCULATIONS – (YOU WILL NOT GET ANY CREDIT IF YOU DO NOT SHOW ALL THE CALCULATIONS)
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