Question: A small population of N = 10 has values of 4, 7, 2, 11, 5, 3, 4, 6, 10, and 1. a. Calculate the mean

A small population of N = 10 has values of 4, 7, 2, 11, 5, 3, 4, 6, 10, and 1.
a. Calculate the mean and standard deviation for the population.
b. Take 10 simple random samples of size 3, and calculate the mean for each.
c. Calculate the mean and standard deviation of all these sample means. How closely does the mean of all sample means match the population mean? How is the standard deviation of the means related to the standard deviation for the population?

Step by Step Solution

★★★★★

3.49 Rating (175 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Mean 53 standard deviation 327 b Here are 10 means ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

764-M-S-L-R (6612).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

The following table gives population values for a small population of clusters: You wish to select two psus without replacement with probabilities of inclusion proportional to Mi. Using Brewers...

The file DVD Movies.xlsx contains a large data set of 10,000 customer transactions for a fictional chain of video stores in the United States. Each row corresponds to a different customer and lists...

C11. A small population of N = 10 has values of 4, 7, 2, 11, 5, 3, 4, 6, 10, and 1. 1. Calculate the mean and standard deviation for the population. 2. Take 10 simple random samples of size 3, and...

1-A distribution of measurements is relatively mound-shaped with a mean of 60 and a standard deviation of 14. Use this information to find the proportion of measurements in the given interval.greater...

Finance &Investments Analysis Homework help Attached files are the questions and files needed ECO366 Investments Analysis Problem Set 3 This problem set will require you to calculate and plot...

Given: a finite population of number has a size n=4. the population consists of values 12, 14,16 and 18. Given: A finite population of numbers has a size N = 4. The population consists of values 12,...

TRA[31452] Question 9, 3.3.24 V Ch_03 09/13/2022 Part 4 of 6 The following is a set of data from a sample of n = 5. 7-4-979 - a. Compute the first quartile (Q, ), the third quartile (Q3), and the...

can someone explain the formulas I would use in excel to solve this please? and show the formulas used on excel? Week 2 Assignment In the Excel file Week2.xlsx, use advanced filters in the filter...

Woodtech, a manufacturer of high precision instruments, claims an average of 4 faults for each production run. A random sample of 10 production runs was selected, and they had the following number of...

As an alternative proposal means of increasing shareholder value, you have also been asked to evaluate Monsantos intent to expand its operations to pesticide production, which is expected to yield a...

Robert has inherited some money from his great-grandfather. He will get $5,533.00 when he graduates college (at age 22) and an additional $13,597.00 at the age of 25. He is currently 20 years old....

Which of the following is not true about contract assets?

12.49 Unusual dice. Nonstandard dice can produce interesting distributions of outcomes. You have two balanced, six-sided dice. One is a standard die, with faces having 1, 2, 3, 4, 5, and 6 spots. The...

Construct measures of political participation at the nominal, ordinal, and interval-ratio levels. (Hint: You can use behaviors such as voting frequency or political party membership.) Discuss the...

In your own words, explain the relationship of data (collecting and analyzing) to the research process. (Refer to Figure 1.1.)

Construct potential hypotheses or research questions to relate the variables in each of the following examples. Also, write a brief statement explaining why you believe there is a relationship...

Ray Crofford is evaluating investment alternatives for the $100,000 which he inherited from his grandfather. His investment advisor has identified two alternatives and constructed the following...

What is the internal rate of return for the following project: An initial outlay of $9,000 resulting in a single cash inflow of $15, 424 in 7 years. (Round to the nearest whole percent.) The internal...

(c) From the data you presented in part (a), explain whether there is any evidence for a change in autism prevalence rates in children aged 8 years during the years 2004 to 2009. Table 1 Year Number...