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You are asked to draw a number at random with replacement from the box below: 1, 2, 3, 4, 5, 6, 7, 8 (SD within
You are asked to draw a number at random with replacement from the box below: 1, 2, 3, 4, 5, 6, 7, 8 (SD within the box = 2.29) 1) If you make 100 draws, what is the expected value (EV) and standard error (SE) for the sum? (show your work). 2) If you make 10,000 draws, what is the EV and SE for the sum? (show your work) 3) Are the EVs and SEs the same from the above 2 conditions? If yes, explain why; If no, which one has greater EVs and SEs, explain briefly
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