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Name: From a random sample of six students in an introductory finance class
Uploaded: 2024-03-20T07:07:12.000Z
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Description: From a random sample of six students in an introductory finance class that uses group-learning techniques, the mean examination score was found to be 76.12 and the sample standard deviation was 2.53. For an independent random sample of nine students

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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From a random sample of six students in an introductory finance class that uses group-learning techniques, the mean examination score was found to be 76.12 and the sample standard deviation was 2.53. For an independent random sample of nine students in another introductory finance class that does not use group learning techniques, the sample mean and standard deviation of exam scores were 74.61 and 8.61, respectively. Estimate with 95% confidence the difference between the two population mean scores; do not assume equal population variances.

Definition Definition Measure of central tendency that is the average of a given data set. The mean value is evaluated as the quotient of the sum of all observations by the sample size. The mean, in contrast to a median, is affected by extreme values. Very large or very small values can distract the mean from the center of the data. Arithmetic mean: The most common type of mean is the arithmetic mean. It is evaluated using the formula: μ = 1 N ∑ i = 1 N x i Other types of means are the geometric mean, logarithmic mean, and harmonic mean. Geometric mean: The nth root of the product of n observations from a data set is defined as the geometric mean of the set: G = x 1 x 2 ... x n n Logarithmic mean: The difference of the natural logarithms of the two numbers, divided by the difference between the numbers is the logarithmic mean of the two numbers. The logarithmic mean is used particularly in heat transfer and mass transfer. ln x 2 − ln x 1 x 2 − x 1 Harmonic mean: The inverse of the arithmetic mean of the inverses of all the numbers in a data set is the harmonic mean of the data. 1 1 x 1 + 1 x 2 + ...

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