Let the population be given by 1, 2, 3 Let p(x) 1 3 for x 1, 2, 3 Take samples of size 3 with replacement (a) Calculate and 2 (b) Obtain the sampling distribution of the sample mean (c) Obtain the mean and variance of the sample mean ...

Let the population be given by {1, 2, 3}. Let p(x) = 1 / 3 for x

Question:

Let the population be given by {1, 2, 3}. Let p(x) = 1 / 3 for x = 1, 2, 3. Take samples of size 3 with replacement.
(a) Calculate μ and σ2.
(b) Obtain the sampling of the sample mean.
(c) Obtain the mean and variance of the sample mean. Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...