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The mean of a random
sample is an unbiased estimate of the mean of the population from which it was
drawn. Another way to say this is to assert that regardless of the size of the
population and regardless of the size of the random sample, it can be shown (through
The Central Limit Theorem) that if we repeatedly took random samples of the same
size from the same population, the sample means would cluster around the exact
value of the population mean.
As illustrated here, our random sample contains 4 items and it was drawn from
a population that contains 9 items. Most statisticians use (n) to represent the
number of items in a sample, whereas they use the symbol (N) to represent the
number of items in a population. For this sample from this population n=4, N=9.
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