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Refer to Exercise 7.4 on page 295.

a. Use your answers from Exercise 7.4(b) to determine the mean, μs, of the variable x¯for each of the possible sample sizes.

b. For each of the possible sample sizes, determine the mean, μs, of the variable x¯, using only your answer from Exercise 7.4(a).

Short Answer

Expert verified

Part a. The variable x¯has a mean value of μx¯=5for each of the possible sample sizes.

Part b. The population mean is μ=5.

Step by step solution

01

Part (a) Step 1. Given Information

It is given that the population data is 2,5,8.

We need to determine the mean, μs, of the variable x¯for each of the possible sample sizes.

02

Part (a) Step 2. When the sample size is 1

For the population data: 2,5,8.

The sample and sample mean for a sample of size n=1are shown in the table below.

Samplex¯
22
55
88

The variable x¯has the following mean

μx¯=2+5+83μx¯=153μx¯=5

So when the sample size is 1, the variable x¯has a mean μx¯=5.

03

Part (a) Step 3. When the sample size is 2

For the population data: 2,5,8.

The sample and sample mean for a sample of size n=2are shown in the table below.

Samplex¯
2,52+52=3.5
2,82+82=5
5,85+82=6.5

The variable x¯has the following mean

μx¯=3.5+5+6.53μx¯=153μx¯=5

So when the sample size is 2, the variable x¯has a mean μx¯=5.

04

Part (a) Step 4. When the sample size is 3

For the population data: 2.5.8.

The sample and sample mean for a sample of size n=3are shown in the table below.

Samplex¯
2,5,82+5+83=5

So when the sample size is 3, the variable x¯has a mean μx¯=5.

Thus it can be seen that the mean of all potential sample means is the same.

05

Part (b) Step 1. Find the population mean

For the given population data: 2,5,8, the population mean can be given as

μ=2+5+83μ=153μ=5

So from the results, it can be observed that the population mean is equal to the mean of all potential sample means that is μx¯=μ.

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Most popular questions from this chapter

As reported by the U.S. Census Bureau in Educational Attainment in the United States, the percentage of adults in each state who have completed a bachelor's degree is provided on the Weiss Stats site. Use the technology of you choice to solve the following problems.

Part (a): Obtain the standard deviation of the variable "percentage of adults who have completed a bachelor's degree" for the population of 50 states.

Part (b): Consider simple random samples without replacement from the population of 50 states. Strictly speaking, which is the correct formula for obtaining the standard deviation of the sample mean- Equation (7.1) or Equation (7.2)? Explain your answer.

Part (c): Referring to part (b), obtain R for simple random samples of size 30 by using both formulas. Why does Equation (7.2) provide such a poor estimate of the true value given by Equation (7.1)?

Part (d): Referring to part (b), obtain R for simple random samples of size 2 by using both formulas. Why does Equation (7.2) provide a somewhat reasonable estimate of the true value given by Equation (7.1)?

7.1 Why is sampling often preferable to conducting a census for the purpose of obtaining information about a population?

America's Riches. Each year, Forbes magazine publishes a list of the richest people in the United States. As of September l6, 2013, the six richest Americans and their wealth (to the neatest billion dollars) are as shown in the following table. Consider these six people a population of interest.

(a) For sample size of 5construct a table similar to table 7.2 on page293.(There are 6 possible sample) of size 5

(b) For a random sample of size 5determine the probability that themean wealth of the two people obtained will be within 3(i.e,3billion) of the population mean. interpret your result in terms of percentages.

Women at Work. In the article "Job Mobility and Wage Growth" (Monthly Labor Review. Vol. 128. No. 2, pp. 33-39).

A. Light examined data on employment and answered questions regarding why workers separate from their employers. According to the article, the standard deviation of the length of time that women with one job are employed during the first 8 years of their career is 92 weeks. Length of time employed during the first 8 years of a career is a left-skewed variable. For that variable, do the following tasks.

a. Determine the sampling distribution of the sample mean for simple random samples of 50 women with one job. Explain your reasoning.

b. Obtain the probability that the sampling error made in estimating the mean length of time employed by all women with one job by that of a random sample of 50 such women will be at most 20 weeks.

Refer to Exercise 7.9 on page 295.

a. Use your answers from Exercise 7.9(b) to determine the mean, μs, of the variable x¯for each of the possible sample sizes.

b. For each of the possible sample sizes, determine the mean, μs, of the variable x¯, using only your answer from Exercise 7.9(a).

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