One hundred draws are made at random with replacement from a box. The average of the box is 3.1.
(a) True or false: the expected value for the average of the draws is exactly equal to 3.1. If this cannot be determined from the information given, what else do you need to know, and why?
(b) What is the SE for the average of the draws? If this cannot be determined from the information given, what else do you need to know, and why?
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