The Graduate Record Examination (GRE) is a standardized test that students usually take before entering graduate school.
Question:
a. Use the technology of your choice to simulate 1000 samples of four GRE scores each.
b. Find the sample mean of each of the 1000 samples obtained in part (a).
c. Obtain the mean, the standard deviation, and a histogram of the 1000 sample means.
d. Theoretically, what are the mean, standard deviation, and distribution of all possible sample means for samples of size 4?
e. Compare your answers from parts (c) and (d). 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...
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