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X expected value - PowerPoint PPT Presentation

Random Sampling - Random Samples

Random Sampling - Random Samples. Why do we need Random Samples?. Many business applications -We will have a random variable X such that the probability distribution & expected value is unknown -The only way to make use of probability is to estimate E(X) and if possible F x or f x

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X expected value - PowerPoint PPT Presentation

Random Sampling - Random Samples