The amounts four friends paid for their MP3 players are $200, $130, $270, and $230. Use a

Question:

The amounts four friends paid for their MP3 players are $200, $130, $270, and $230. Use a sample size of 2.

Find the mean and standard deviation of the population. List all samples (with replacement) of the given size from that population and find the mean of each. Find the mean and standard deviation of the sampling distribution of sample means and compare them with the mean and standard deviation of the population.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...