Verify that given speculation is correct

Reference no: EM131400331

For the values 2, 3, 5, 6, 8, 12, 14, 18, 19, 22, 201, why would you suspect that the McKean-Schrader estimate of the standard error of the median will be smaller than the standard error of the mean?

(Hint: Consider features of data that can have a large impact on s, the sample standard deviation, and recall that the standard error of the mean is s/ √n. )Verify that this speculation is correct.

Reference no: EM131400331

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