Let X1, . . . , X8 be independent and identically distributed random variables with mean . Let p = P _ _8 i=1 Xi/8 < _ Estimate p if the values of the Xi are 5, 2, 8, 6, 24, 6, 9, 4.

5.1 FUNDAMENTALS PRINCIPLE OF COUNTING I. ACTORIALS a. The formula for factorial: n! = (n)(n1)(n2) II. PERMUTATION: a. Permutation: a set of objects in which position (or order) is important...