Assume that the following represent a population of N 24 values: 10 14 32 9 34

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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 6 35

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

32 19 6 11 10 19 28 9 13 33

b. For a sample of size n  6, compute the range for the possible sampling error. (Hint: Find the sampling error for the 6 smallest sample values and the 6 largest sample values.)

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: 9780136121015

8th Edition

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

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