34 38 95 137 140 155 155 169 207 110 209 217 314 314 323 343 347 349 363 274 369 388 389 397 416 448 450 483 487 373 488 516 571 595 738 762 863 1,084 600 769
34 38 95 137 140 155 155 169 207 110 209 217 314 314 323 343 347 349 363 274 369 388 389 397 416 448 450 483 487 373 488 516 571 595 738 762 863 1,084 600 769
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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To estimate a population mean μ, the sample mean x¯ is often used as an estimator. However, a different estimator is called the sample midrange, given by the formula sample minimum + sample maximum/2.
(c) The following table shows the values, in thousands of dollars, of 40 randomly selected houses in the city.
(i) Calculate the sample midrange for the data.
(ii) Explain why the sample midrange might be preferred to the sample mean as an estimator of the population mean.
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