(Solution) - The following data summarize the 2009 external debt in millions -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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The following data summarize the 2009 external debt (in millions of dollars) for seven countries.

a. Assume that ?Y = 93,500. Calculate the standard error and interpret.
b. Write a report wherein you discuss the following: the standard error compared with the standard deviation of the population, the shape of the sampling distribution, and suggestions for reducing the standard error.