1.Explain the difference between a population parameter and its point estimate.
2.Explain the difference between a population mean and a sample mean.
3.Define, range, variance, and standard deviation.
4.Discuss how variance and standard deviation measure variation.
5.The Empirical Rule for a normally distributed population and Chebyshev’s Theorem have the same basic purpose. In your own words, explain that purpose.
6.Calculate the range, variance, and standard deviation of this population: 5,8,10,12,15
7.Explain the following in your own words: percentile, the first quartile, the third quartile, and the IQR (interquartile range)