Determine given for a random sample

Reference no: EM131398341

Answer the same question posed in Exercise 1, except replace means with sample variances.

Exercise 1
In Exercise 2, again suppose you sample n = 12 subjects and compute the sample mean. If you repeat this process 1000 times, each time using n = 12 subjects, and if you averaged the resulting 1000 sample means, approximately what would be the result? That is, approximate the average of the 1000 sample means.

Exercise 2
Determine E(X‾) and σ_x² for a random sample of n = 12 observations from a discrete distribution with the following probability function:

X:	1	2	3	4
P(x):	.2	.1	.5	.2

Reference no: EM131398341

Questions Cloud

Native american traditions : Threads Main View Indigenous religions, such as those of Native American traditions, claim a special relationship with nature. The concept of sacred space is particularly important.

Research three scholarly sources : Research three scholarly sources and illustrate how leadership and management (your key words) practices are exemplified in the healthcare sector. In other words, find three scholarly sources that illustrate best practices in leadership and managemen..

What positions might be more difficult to outsource : What are some types of positions that easily can be outsourced? What positions might be more difficult to outsource? Why?

Property rights-corruption and economic progress : The rate of economic progress in a country seems to depend on the extent to which the country has a well-functioning market economy in which property rights are protected. Discuss the relationship between property rights, corruption, and economic pro..

Determine given for a random sample : In Exercise 2, again suppose you sample n = 12 subjects and compute the sample mean. If you repeat this process 1000 times, each time using n = 12 subjects, and if you averaged the resulting 1000 sample means, approximately what would be the resul..

Rate of economic progress in country seems to depend : The rate of economic progress in a country seems to depend on the extent to which the country has a well-functioning market economy in which property rights are protected. Discuss the relationship between property rights, corruption, and economic pro..

Healthcare human resources theories & concepts : Reflect on what you have written about and learned individually.Summarize what you have learned and put together a 20-slide presentation with speaker's notes, developing a human resources strategic plan for your organization.

How well the company you researched leverages : Evaluate how well the company you researched leverages its discretionary benefits to both attract and keep employees - Assume the company you researched must drop 25% of the discretionary benefits it currently offers.

International business depends upon the dominant religion : International business depends upon the dominant religion, social structure, and educational system of a country. Suppose a US-based company needs to understand the country “P” before setting a project there. Suppose the Indian culture is secularism,..

User Account

All Pages