Refer to the EAI sampling problem. Suppose a simple random sample of 60 employees is used. a.

Question:

Refer to the EAI sampling problem. Suppose a simple random sample of 60 employees is used.

a. Sketch the sampling distribution of x when simple random samples of size 60 are used.

b. What happens to the sampling distribution of x if simple random samples of size 120 are used?

c. What general statement can you make about what happens to the sampling distribution of x as the sample size is increased? Does this generalization seem logical? Explain.

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...