Using the procedures in Computer Solutions 8 1 as a general guide, simulate 150 simple random samples of size n 4 from a normal distribution with a mean of 80 and a standard deviation of 20 Determine the mean and the standard deviation of the 150 sample means, then compare these with their theoreti...

The population is normally distributed with m 80 and s 20 The expected m ...

Using the procedures in Computer Solutions 8.1 as a general guide, simulate 150 simple random samples of

Question:

Using the procedures in Computer Solutions 8.1 as a general guide, simulate 150 simple random samples of size n = 4 from a normal with a mean of 80 and a standard deviation of 20. Determine the mean and the standard deviation of the 150 sample means, then compare these with their theoretically expected values. Given the nature of the population would we expect the of sample means to be at least approximately normally distributed? Generate a histogram of the sample means and comment on the shape of the 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...