Problem Solving 1. Random samples with size 5 are drawn from the population containing the values 26, 32, 41, 50, 58, and 63. a. Determine the number of possible samples with size 5. b. Identify the distribution of the sample means. c. Compute the mean and standard error of the corresponding sampling distribution. 2. The average monthly income of service crews working in fast food chains is Php10,500 with standard deviation of Php500. If a random sample of 15 crews is selected, what is the mean, variance, and standard error of the corresponding distribution of the sample means?

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