Answer on Question #73864 – Math – Statistics and Probability
Question
The mean and standard deviation of set of 100 observations were worked out as 40 and 5 respectively by a computer who by mistake to the value of 50 in place of 40 for one observation. Recalculate the correct mean and variance.
Solution
Firstly, we get that , after that we change 50 to 40, hence the correct sum should be . The correct mean is . The variance won't change because the sample size is the same and a shift won't affect the variance.
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