8.9 Consider the following population: {2, 3, 3, 4, 4}. The value of m is 3.2, but...
Question:
8.9 Consider the following population: {2, 3, 3, 4, 4}.
The value of m is 3.2, but suppose that this is not known to an investigator. Three possible statistics for estimating m are Statistic 1: the sample mean, x Statistic 2: the sample median Statistic 3: the average of the largest and the smallest values in the sample A random sample of size 3 will be selected without replacement. Provided that we disregard the order in which the observations are selected, there are 10 possible samples that might result (writing 3 and 3*, 4 and 4* to distinguish the two 3’s and the two 4’s in the population):
2, 3, 3* 2, 3, 4 2, 3, 4* 2, 3*, 4 2, 3*, 4*
2, 4, 4* 3, 3*, 4 3, 3*, 4* 3, 4, 4* 3*, 4, 4*
a. For each of these 10 samples, compute Statistics 1, 2, and 3.
b. Construct the sampling distribution of each of these statistics.
c. Which statistic would you recommend for estimating m and why?
Step by Step Answer:
Introduction To Statistics And Data Analysis
ISBN: 9781305445963
5th Edition
Authors: Roxy Peck, Chris Olsen, Jay L Devore