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Unformatted text preview: entire population of subscribers to the magazine is $28,000. (You usually do not know what it is.) You can see in Figure 1 that the first sample mean ($27,500) was not a bad estimate of the population mean and that the mean of the distribution of ten sample means ($27,872) was even better. Figure 1. Estimation of the population mean becomes progressively more accurate as more samples are taken....
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- Fall '08