Question: Assume a population has the following elements: {2; 5; 8; 12; 13}. Samples of size 3 are drawn without replacement. 1.1) Find the sampling distribution
Assume a population has the following elements: {2; 5; 8; 12; 13}. Samples of size 3 are drawn without replacement.
1.1) Find the sampling distribution of the sample mean.
1.2) Use (1.1) to find the mean and variance of the sample mean.
1.3) Find an unbiased estimate of the population variance.
1.4) Use the normal approximation and (1.2) to construct a 95% confidence interval for the population mean.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
