Mean & Standard error
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Samples of size 2 will be drawn at random from a population with µ=2.5 and σ =1.118.
Calculate the mean and the standard error of the sampling distribution of the sample means. Also, find the mean and standard error of the sampling distribution for samples of size 5.
What happens to the standard error as the sample size increases?
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Solution Summary
The solution provides step-by-step method for the calculation of mean and standard error of a population. Formula for the calculation and Interpretations of the results are also included.
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