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Unformatted text preview: 1.6a Flip the coin 100 times and count the number of heads and tails b Outcomes of flips c Outcomes of the 100 flips d Proportion of heads e Proportion of heads in the 100 flips 1.8a The population consists of the fuel mileage of all the taxis in the fleet. b The owner would like to know the mean mileage. c The sample consists of the 50 observations. d The statistic the owner would use is the mean of the 50 observations. e The statistic would be used to estimate the parameter from which the owner can calculate total costs. We computed the sample mean to be 19.8 mpg. 3 4...
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This note was uploaded on 09/28/2010 for the course FINOPMGT 250 taught by Professor Kumar during the Spring '10 term at University of Massachusetts Boston.
 Spring '10
 Kumar

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