Chapter 7: Q. 7.28 (page 300)
Does the sample size have an effect on the mean of all possible sample means? Explain your answer.
Short Answer
No, the sample size does not have an effect on the mean of all possible sample means.
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Chapter 7: Q. 7.28 (page 300)
Does the sample size have an effect on the mean of all possible sample means? Explain your answer.
No, the sample size does not have an effect on the mean of all possible sample means.
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According to the U.S. Census Bureau publication Manufactured Housing Statistics, the mean price of new mobile homes is . Assume a standard deviation of . Let x denoted the mean price of a sample of new mobile homes.
Part (a): For samples of size , find the mean and standard deviation of . Interpret your results in words.
Part (b): Repeat part (a) with .
What is another name for the standard deviation of the variable ? What is the reason for that name?
America's Richest. Explain what the dotplots in part (c) of exercise 7.17-7.22 illustrate about the impact of increasing sample size on sampling error.
Refer to Exercise 7.5 on page 295.
a. Use your answers from Exercise 7.5(b) to determine the mean, , of the variable for each of the possible sample sizes.
b. For each of the possible sample sizes, determine the mean, , of the variable , using only your answer from Exercise 7.5(a).
Repeat parts (b)-(e) of Exercise 7.11 for samples of size4.
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