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STATS - The average time before hitting a jackpot at the local casino

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Question;The average time before hitting a jackpot at the local casino was estimated by using the average time that it took the first 100 players. Based on this information, identify:a. The populationb. The samplec. A parameter & The mean is a useful measure but it can be misleading.Describe a circumstance when the mean is a very useful measure and a circumstance when it is misleading.

 

Paper#61321 | Written in 18-Jul-2015

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