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In a study of termite populations in Swaziland, the following data were gathered on the percentage of termites that were classified as "major workers" at eight randomly selected sites: 37.6 20.0 28.8 29.9 51.9 13.6 34.5 29.0
a) Use the given data to produce a point estimate of μ, the true mean percentage of termites that are "major workers."
b) Use the given data to produce an unbiased point estimate of σ2, the population variance of the percentage of termites that are "major workers."
Statute of Frauds
A legal principle that requires certain types of contracts to be written and signed to be legally enforceable, such as contracts for the sale of real estate.
Conditional Sales Contract
A sales agreement that grants possession of an asset to the buyer, but with ownership conditions set by the seller until the purchase price is fully paid.
Guarantee
A formal pledge or promise ensuring the performance, quality, or durability of a product or service.
Domestic Relationships
Relationships and interactions affecting family members or individuals living together in a household.
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