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Microsoft Excel question: Draw 250 random samples of size 10 from a binomial experiment with n = 10, p = .4. (Recall that n in
Microsoft Excel question:
Draw 250 random samples of size 10 from a binomial experiment with n = 10, p = .4. (Recall that n in this context is the number of trials.) What is your point estimate of in each sample? Plot the sampling distribution of your estimates of . If we did not know , how confident would we be in the estimate of from the first sample and from the sample created by pooling all the 250 samples? Explain.
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