A population has a mean of 200 and a standard deviation of 50. A sample of size

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A population has a mean of 200 and a standard deviation of 50. A sample of size 100 will be taken and the sample means x will be used to estimate the population mean.

a. What is the expected value of x?

b. What is the standard deviation of x?

c. Show the sampling distribution of x.

d. What does the sampling distribution of x show?


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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Essentials Of Statistics For Business And Economics

ISBN: 9781305081598

7th Edition

Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam

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