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A random sample of 10 economists produced the following forecasts forpercentage growth in real domestic product in the next year:2.2 2.8 3.0 2.5 2.4 2.6 2.5 2.4 2.7 2.6
Use unbiased estimation procedures to end point estimates for the following:(a) The population mean?(b) The population variance?(c) The variance of the sample mean(d) The population proportion of economists predicting growth of at least2.5% in real gross domestic product(e) The variance of the sample proportion of economists predicting growthof at least 2.5% in real gross domestic product
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