Example 1: The population from which samples are selected is {1,2,3,4,5,6}. This population has a mean of 3.5 and a standard deviation of 1.70783. The next display shows a histogram of the population.
Bounds are presented for the maximal deviation in finite populations between sample and population means in units of (a) the population mean deviation, (b) the population range, and (c) the population ...
Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Gordon Scott has been an active investor and technical analyst or 20+ years.
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