00:01
So to figure out if this is true, you're going to add up the five numbers.
00:05
So it's 72 plus 65 plus 82 plus 90 plus 76.
00:10
And when you add those five numbers up, you get 385.
00:18
And now you want to divide by the number of terms to find the average midterm grade for the sample of five students.
00:27
So there's five in the set, five grades.
00:31
And when you do 385 divided by five, you get.
00:34
77, which is the statement given.
00:37
So yes, this is correct.
00:40
So i'm going to write correct here.
00:43
So your final answer for this first statement is that it is correct.
00:46
Again, i use mathematical reasoning.
00:48
I showed via formula, the mean formula, sample mean formula, that this statement is factually correct.
00:56
All right, moving on to part b, the statement given is that the average midterm grade for all students is a 77.
01:03
Now this is two.
01:05
Generalized.
01:08
You guys can probably figure that out from seeing that you can only deduct, you can only conclude that the average is for the five students because there could be outliers.
01:19
Outliers are numbers that are an extreme upper limit value or extreme lower value in your set of data points that influence that average grade or that mean grade.
01:30
So 77 may not be the average, it may be higher if you have a really, really big outlier, like we have 100, whereas the rest go up until 90, or if you have a really low one, like a 40 or a 30 percent.
01:44
So that would make the mean less than 77, because means are not resistant to the outliers.
01:53
So for that reasoning, you could say there could be outliers.
01:58
Again, you can think of other reasons why we don't know the individual data points, so there's no way can actually conclusively state that the average would be 772.
02:10
So, too general.
02:15
Let me rewrite that.
02:16
Sorry about that, guys.
02:18
Again, this statement for part b is too generalized.
02:29
I'm just going to write too general.
02:30
All right, moving on to part c.
02:33
The statement given for part c is that you have a, basically they say that the sample mean is, i mean, that the population mean is the sample mean and vice versa.
02:46
We're trying to see if that is true via an estimate.
02:50
So an estimate of the average midterm grade for all students, and we're trying to see if that is true.
02:59
And this is actually going to be correct.
03:02
The key vocab term here is point estimate.
03:07
Now, this is a vocabulary term that you should all know for stats, and i'll explain what it is.
03:14
While i'm writing it.
03:16
So point estimate is a single value, sorry, it's a single value or single data point in your data set that is used to approximate a population parameter, which is just a number that talks about the population, says something about the population.
03:33
Point estimate...