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The population of the size of the households of my immediate family members has a Mean =3.6, median=4, range= 5, standard deviation=1.85472, variance=3.439.
Now consider the possible random samples from this population with n=2(you should identify 25 such samples). For each of these samples, compute the mean, median, range, standard deviation and variance (hint: with n=2, the median is the same as the mean).
At this point, you should have produced five data sets (four distinct) with 25 data value each: find the mean (only the mean) of each of these sets.
Compare the mean of the sample statistic from c) with the population parameters computed in a)- which of these are unbiased estimators?
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Caselet on McDonald’s vs. Burger King - Waiting time
Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.
Problems on Sampling Variability and Standard Error and Confidence Intervals
Estimate the population mean
Conduct a marketing experiment in which students are to taste one of two different brands of soft drink
Find out the probability
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