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1. The following are the monthly income of 7 workers working in a different companies: 15 000, 18 000, 19 000, 21 000, 22 500,
1. The following are the monthly income of 7 workers working in a different companies: 15 000, 18 000, 19 000, 21 000, 22 500, 24 000, and 28 000 (in pesos). A sample with size 5 is chosen to determine the average monthly income of the workers
a. Construct a sampling distribution of the sample means.
b. Find the mean of the sample means.
c. Compute the standard error of the sample means.
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