The average time before hitting a jackpot at the local casino was estimated by u
ID: 3237921 • Letter: T
Question
The average time before hitting a jackpot at the local casino was estimated by using the average time that it took the first 100 players. Based on this information, identify:
The population
The sample
A parameter
The mean is a useful measure but can be misleading. Describe a circumstance when the mean is a very useful measure and a circumstance when it is misleading.
The average time before hitting a jackpot at the local casino was estimated by using the average time that it took the first 100 players. Based on this information, identify:
The population
The sample
A parameter
The mean is a useful measure but can be misleading. Describe a circumstance when the mean is a very useful measure and a circumstance when it is misleading.
Explanation / Answer
Here the population is all the players in the casino.
Here the sample is the first 100 players in the casino.
Here the parameter is the population mean which is being estimated.
The mean is a useful measure when there is not much deviation in the data and it is misleading when the deviation is high or say in presence of outliers.
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