Below You Are Given the Values Obtained from a Random $\mu$

question 38

Essay

Below you are given the values obtained from a random sample of 4 observations taken from an infinite population.

a.Find a point estimate for $\mu$ .Is this an unbiased estimate of $\mu$ ? Explain.
b.Find a point estimate for $\sigma$ ².Is this an unbiased estimate of $\sigma$ ²? Explain.
c.Find a point estimate for $\sigma$ .
d.What can be said about the sampling distribution of $\bar{x}$ ? Be sure to discuss the expected value,the standard deviation,and the shape of the sampling distribution of $\bar{x}$

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Definitions:

Nash Equilibrium

A concept within game theory where no participant can gain by changing strategies if the strategies of the others remain unchanged.

AMD

Advanced Micro Devices, Inc., an American multinational semiconductor company that develops computer processors and related technologies.

Intel

A multinational corporation and technology company known primarily for its semiconductor chips used in computer systems.

Time-Discounted Profits

The present value of future profits, taking into account the time value of money and the preference for receiving profits earlier rather than later.