Thursday, August 30, 2012

Sample Mean vs. Population Mean

I did not mention this is my last post that outlined some basic statistical functions related to central tendency, but when studying stats, it is important to understand that you will be dealing with two kinds of means: a sample mean, and a population mean.  Conceptually, they both do the same kind of thing, though their meanings are slightly different.  It is a very good idea to know when to use



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