Consider the population consisting of 1, 2, 3, 5, 6, and 7. Suppose samples of …
Archangel Macsika
Consider the population consisting of 1, 2, 3, 5, 6, and 7. Suppose samples of size 4 are drawn from this population. Describe the sampling distribution of the sample means. Compute for the mean and the variance of the sampling distribution of the sample means. Be guided by the first illustration. STEPSSOLUTION1. Compute the mean of the population.2. Compute the variance of the population.3. Determine the number of possible samples of size n = 44. List all possible samples and compute their corresponding means.5. Construct the sampling distribution of the sample means.6. Compute the mean of the sampling distribution of the sample mean.7. Compute the variance of the sampling distribution of the sample means.