Number of Fish Tanks
the Following Data Give the Number

question 35

Essay

Number of Fish Tanks
The following data give the number of fish tanks owned for a population of 4 families.
$$\begin{array} { | l | c c c c | } \hline \text { Family } & \text { A } & \text { B } & \text { C } & \text { D } \\\hline \text { Number af Fish Tanks Owned } & 2 & 1 & 4 & 3 \\\hline\end{array}$$
-{Number of Fish Tanks Narrative} A sample of size 2 is drawn at random from the population.Use the formulas $\mu _ { \bar { x } } = \mu$ and $\sigma _ { \bar { x } } = \frac { \sigma } { \sqrt { n } } \sqrt { \frac { N - n } { N - 1 } }$ to calculate the mean and the standard deviation of the sampling distribution of the sample means.

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Definitions:

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Specialized software designed to assist in analyzing, understanding, and finding solutions to complex problems or equations.

Constraint

A condition or limitation that must be satisfied in optimization problems or in systems design.

Shadow Price

The implied worth or value of an intangible or constrained resource, used in economic or optimization models to assess opportunity costs.

Dual Value

A concept in linear programming and optimization, representing the worth of relaxing a constraint by one unit in the objective function.