Consider a population consisting of five values - 1, 2, 2, 4, and 8. Find the population mean and variation. Calculate the sampling distribution of the mean of a sample of size 2 by generating all possible such samples. From them, find the mean and variance of the sampling distribution. How is the variance of the sampling distribution different from that of the population variation?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Consider a population consisting of five values - 1, 2, 2, 4, and 8. Find the population mean and variation. Calculate the sampling distribution of the mean of a sample of size 2 by generating all possible such samples. From them, find the mean and variance of the sampling distribution. How is the variance of the sampling distribution different from that of the population variation?

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