If a Motorcycle Can Travel 726 Miles on 22 Gallons

question 31

Short Answer

If a motorcycle can travel 726 miles on 22 gallons of fuel, how many gallons are required to travel 1,452 miles?

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Definitions:

Variance

A measure of the dispersion or spread of a set of data points, indicating how far each data point lies from the mean.

Consistency

refers to the property of an estimator in which, as the sample size increases, it converges in probability to the parameter it estimates.

Interval Estimator

An interval estimator provides a range of values, defined by an upper and lower bound, that is likely to contain the population parameter of interest.

Sample Mean

The average of a subset of numbers from a larger set, representing the central tendency of that subset.