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What is a numerical value used as a summary measure for a sample called such as a sample mean?
sampl statistics
As the sample size increases what does the expected value of M do?
You have not defined M, but I will consider it is a statistic of the sample. For an random sample, the expected value of a statistic, will be a closer approximation to the parameter value of the population as the sample size increases. In more mathematical language, the measures of dispersion (standard deviation or variance) from the calculated statistic are expected to decrease as the sample size increases.
A variable whose value is a numerical outcome of a random phenomenon is called?
random variable.
The middle value when the data are arranged in numerical order?
Middle value when the data are arranged in numerical order is the median.
What is the difference between the population mean and sample mean?
The population mean is the mean calculated over every member of the set of subjects being studied. It is usually not available and a survey is used to find an estimate for the population mean. The mean value of the variable in question, calculated from only the subjects included in the sample (or survey) is the sample mean. Provided some basic statistical requirements are met, the sample mean is a "good" estimate of the population mean.
