Statistical Techniques in Business and Economics
Statistical Techniques in Business and Economics
18th Edition
ISBN: 9781260579611
Author: Douglas Lind; William Marchal; Samuel Wathen
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 8, Problem 12E

a.

To determine

Construct a graph showing the population distribution.

b.

To determine

Find the mean of the population.

c.

To determine

Choose five random samples of 5 each.

Find the mean of each sample.

d.

To determine

Give the comparison of mean of the sampling distribution of the sample mean with the population mean.

Check whether it can be expected that the two values to be about the same or not.

e.

To determine

Construct a histogram of the sample means.

Check whether it is noticed a difference in the shape of the distribution of sample means compared to the shape of the population distribution.

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