The file P07_14.xlsx contains a very small population of only five members. For each member, the height

Question:

The file P07_14.xlsx contains a very small population of only five members. For each member, the height of the person is listed. The purpose of this problem is to let you see exactly what a sampling is. Find the exact sampling of the sample mean with sample size 3. Verify that Equation (7.1) holds, that is, the mean of this sampling is equal to the population mean. Also, verify that Equation (7.2) holds, that is, the standard deviation of this sampling is equal to the population standard deviation divided by the square root of 3.

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...