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Below you are given the values obtained from a random sample of 4 observations taken from an infinite population. 32 34 35 39
a.Find a point estimate for . Is this an unbiased estimate of ? Explain.
b.Find a point estimate for 2. Is this an unbiased estimate of 2? Explain.
c.Find a point estimate for .
d.What can be said about the sampling distribution of ? Be sure to discuss the expected value, the standard deviation, and the shape of the sampling distribution of
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Societal Promotions
Marketing activities aimed at promoting social causes or contributing to societal goals rather than focusing solely on direct sales.
Compulsory Licence
A directive by the Commissioner of Patents requiring the patentee to license others to produce a product for the general benefit of the public.
Beneficiary
A person designated to receive benefits from an insurance policy, trust, or will upon certain conditions, such as the death of the policyholder.
Patent Holder
An individual or entity that legally owns the rights to an invention or process granted by a patent.
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