Scrapper Elevator Company has 20 sales representatives who sell its product throughout the United States and Canada. The number of units sold last month by each representative is listed below. Assume these sales figures to be the population values. 2 3 2 3 3 4 2 4 3 2 2 7 3 4 5 3 3 3 3 5
Scrapper Elevator Company has 20 sales representatives who sell its product throughout the United States and Canada. The number of units sold last month by each representative is listed below. Assume these sales figures to be the population values.
| 2 | 3 | 2 | 3 | 3 | 4 | 2 | 4 | 3 | 2 | 2 | 7 | 3 | 4 | 5 | 3 | 3 | 3 | 3 | 5 |
Click here for the Excel Data File
b. Compute the population
c. Compute the population standard deviation. (Round your answer to 2 decimal places.)
d. If you were able to list all possible samples of size five from this population of 20, how would the sample means be distributed?
e. What would be the mean of the sample means? (Round your answer to 2 decimal places.)
f. What would be the standard deviation of the sample means? (Round your answer to 2 decimal places.)
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
