The Following Table Gives the Number of Pets Owned for a Population

question 16

Essay

The following table gives the number of pets owned for a population of four families. $$\begin{array} { | l | c | c | c | c | } \hline \text { Family } & \text { A } & \text { B } & \text { C } & \text { D } \\\hline \text { Number of pets owned } & 2 & 1 & 4 & 3 \\\hline\end{array}$$ List all possible samples of two families that can be selected without replacement from this population, and compute the sample mean $\bar { x }$ for each sample.

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Definitions:

Forecasted Sales

Predicted revenues that a company expects to earn in a future period based on historical data, market trends, and analysis.

Trend Equation

A mathematical formula that describes the trend in a set of data, often used in time series analysis to forecast future values.

Seasonal Indicator

A statistical measure that captures seasonal patterns or fluctuations in data over specific periods.

Autoregressive Model

A type of statistical model used in time series analysis, where future values are predicted based on weighted past values.