# Question: This exercise requires that you have done Exercises 7 11 7 15 a Draw

This exercise requires that you have done Exercises 7.11-7.15.

a. Draw a graph similar to that shown in Fig. 7.3 for sample sizes of 1, 2, 3, 4, and 5.

b. What does your graph in part (a) illustrate about the impact of increasing sample size on sampling error?

c. Construct a table similar to Table 7.4 on page 283 for some values of your choice.

a. Draw a graph similar to that shown in Fig. 7.3 for sample sizes of 1, 2, 3, 4, and 5.

b. What does your graph in part (a) illustrate about the impact of increasing sample size on sampling error?

c. Construct a table similar to Table 7.4 on page 283 for some values of your choice.

## Answer to relevant Questions

Each year, Forbes magazine publishes a list of the world's richest people. In 2009, the six richest people, their citizenship, and their wealth (to the nearest billion dollars) are as shown in the following table. Consider ...Repeat parts (b)–(e) of Exercise 7.17 for samples of size 6. What is the relationship between the only possible sample here and the population? b. For samples of size 2, construct a table similar to Table 7.2. (There are ...Refer to Exercise 7.5 on page 283. Population data: 1, 2, 3, 4. a. Use your answers from Exercise 7.5(b) to determine the mean, μx-bar of the variable x-bar for each of the possible sample sizes. b. For each of the possible ...Repeat parts (b) and (c) of Exercise 7.41 for samples of size 1. For part (b), use your answer to Exercise 7.12(b). b. Consider samples of size 2 without replacement. Use your answer to Exercise 7.11(b) on page 284 and ...S. Parker et al. analyzed the labor supply of self-employed individuals in the article "Wage Uncertainty and the Labour Supply of Self-Employed Workers" (The Economic Journal, Vol. 118, No. 502, pp. C190-C207). According to ...Post your question