The purpose and intent of the assignment is to help you better understand the sampling distribution of the mean. The class sampling exercise In class we conducted a sampling exercise. The population consisted of 25 elements. The possible values for the elements in the population ranged from 1 to 9 and were distributed as follows:   Value Frequency Proportion Percentage 1               1             0.04             4% 2               2             0.08             8%

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The purpose and intent of the assignment is to help you better understand the sampling distribution of

the mean.

The class sampling exercise

In class we conducted a sampling exercise.

The population consisted of 25 elements.

The possible values for the elements in the population ranged from 1 to 9 and were distributed as

follows:

 

Value Frequency Proportion Percentage

1               1             0.04             4%

2               2             0.08             8%

3               3             0.12            12%

4               4             0.16            16%

5               5             0.2               20%

6               4             0.16             16%

7               3             0.12             12%

8               2             0.08               8%

9               1             0.04               4%

 

As in the class exercise, 10 elements are drawn replacing each element before the next is drawn.

This was done 1000 times. 

The data set is given in a separate spreadsheet and consists of the numbers drawn for these 1000 draws

in the order in which these were drawn. Each line can be considered a

With all calculations, include the formula that you used.



Using Excel, compute the mean and standard deviation for each of the samples. Each sample will
have a mean and a standard deviation.
14. What, theoretically, would be the highest sample mean that could ever be observed?
15. What was the highest sample mean actually observed?
16. What, theoretically, would be the smallest sample mean that could ever be observed?
17. What was the smallest sample mean actually observed?

 

Frequency
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Transcribed Image Text:Frequency 350 300 250 200 150 100 50 0 0.5 1 1.5 2 2.5 3 3.5 Histogram 4 4.5 5 5.5 6 6.5 Bin 7 7.5 8 8.5 9 9.5 More
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