Assume that the following represent a population of N = 24 values: a. If a random sample

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Assume that the following represent a population of N = 24 values:

10 14 32 9 34 19 31 24 33 11 14 30 6 27 33 32 28 30 10 31 19 13 35

a. If a random sample of n = 10 items includes the following values, compute the sampling error for the sample mean:

Assume that the following represent a population of N =

b. For a sample of size n = 6, compute the range for the possible sampling error.

c. For a sample of size n = 12, compute the range for the possible sampling error. How does sample size affect the potential for extreme sampling error?

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Business Statistics A Decision Making Approach

ISBN: 9780133021844

9th Edition

Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry

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Question Posted: Dec 02, 2015 02:02 AM

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Assume that the following represent a population of N = 24 values: a. If a random sample

Question:

10 14 32 9 34 19 31 24 33 11 14 30 6 27 33 32 28 30 10 31 19 13 35

Step by Step Answer:

a Step 1 Compute the population mean using Equation 72 1014329341931243311143062733322830 1031191363...View the full answer

Business Statistics A Decision Making Approach

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