Suppose you plan to draw all possible samples of size 64 from a large population with a mean () of 2500 and a standard deviation () of 32 You then will compute the mean (x bar) for each sample a Sketch the sampling distribution that you would expect to produce here b What value should you show at t...

a and b The sampling distribution will be approximately normal with a m ...

Suppose you plan to draw all possible samples of size 64 from a large population with a

Question:

Suppose you plan to draw all possible samples of size 64 from a large population with a mean (µ) of 2500 and a standard deviation (σ) of 32. You then will compute the mean (x-bar) for each sample.
a. Sketch the sampling that you would expect to produce here.
b. What value should you show at the center of the
c. What is the standard deviation (standard error) of this
d. Suppose sample size was 256 rather than 64. How would this change your answers to parts a, b and c? 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...