Consider a population consisting of values (1,3,5) 1. List all the possible samples of size 2 that can be drawn from the population with replacement. 2. Compute for the mean of the sampling distribution of the means. 4. Compute for the standard deviation of the sampling distribution of the means. 5. Construct the probability histogram of means with replacements when n = 2

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.