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In other words, we want to … Chapter 1. Unknown 21 May 2019 at 20:22. Ex) For a large population, computers are used to generate random numbers which contain series of numbers arranged in random order. 2. (1 pt) The inter-quartile range equals the 75th percentile minus the 25th percentile. Examples Survival of cancer patients: A cancer patient wants to know the probability that he will survive for at least 5 years. 2. Share on Google Plus Share. Fundamentals of Business Statistics – Murali Shanker Chapter 6 Student Lecture Notes 6-5 Fall 2006 – Fundamentals of Business Statistics 9 Sampling Distributions Objective: To find out how the sample mean varies from sample to sample. Staff member. 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