The purpose of this exercise is to compare the variability of 1 and 2 with the variability

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The purpose of this exercise is to compare the variability of 1 and 2 with the variability of (1 - 2).
a. Suppose the first sample is selected from a population with mean µ = 150 and variance σ21 = 900. Within what range should the sample mean vary about 95% of the time in repeated samples of 100 measurements from this distribution? That is, construct an interval extending 2 standard deviations of 1 on each side of µ1.
b. Suppose the second sample is selected independently of the first from a second population with mean µ2 = 150 and variance σ22 = 1,600. Within what range should the sample mean vary about 95% of the time in repeated samples of 100 measurements from this distribution? That is, construct an interval extending 2 standard deviations of 2 on each side of µ2.
c. Now consider the difference between the two sample means (1 - 2). What are the mean and standard deviation of the sampling distribution of (1 - 2)?
d. Within what range should the difference in sample means vary about 95% of the time in repeated independent samples of 100 measurements each from the two populations?
e. What, in general, can be said about the variability of the difference between independent sample means relative to the variability of the individual sample means?
Distribution
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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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