Suppose there is very small population of four billionaires in Chicago. Further, suppose that the following data represent the number of years of college graduate school each billionaire completed: 1, 4, 4, 10 Sample First Score Second Score Sample Mean A. В C E F G H J K M 2a. Use excel to calculate the standard deviation for this distribution of the same means. Take a screenshot of this statistic and the formulas or process you used to calculate it. 26. Knowing what you know about the CLT, what is the Standard Error of the Mean (SEM)?

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Suppose there is very small population of four billionaires in Chicago. Further, suppose
that the following data represent the number of years of college graduate school each
billionaire completed:
1, 4, 4, 10
Sample
First Score
Second Score
Sample Mean
A.
В
D
E
F
J
K
2a. Use excel to calculate the standard deviation for this distribution of the same means.
Take a screenshot of this statistic and the formulas or process you used to calculate it.
26. Knowing what you know about the CLT, what is the Standard Error of the Mean
(SEM)?
Transcribed Image Text:Suppose there is very small population of four billionaires in Chicago. Further, suppose that the following data represent the number of years of college graduate school each billionaire completed: 1, 4, 4, 10 Sample First Score Second Score Sample Mean A. В D E F J K 2a. Use excel to calculate the standard deviation for this distribution of the same means. Take a screenshot of this statistic and the formulas or process you used to calculate it. 26. Knowing what you know about the CLT, what is the Standard Error of the Mean (SEM)?
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