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Does the sample size have an effect on the standard deviation of all possible sample means? Explain your answer.

Short Answer

Expert verified

The value of σx, depends on the sample size n. if we change nthe value ofσx i.e. standard deviation of all possible sample means differs.

Step by step solution

01

Given Information 

We have to find The sample size have an effect on the standard deviation of all possible sample means.

02

Explanation

σx=N-nN-1·σnσnif the sample is drawn without replacement.

if the sample is drawn with replacement:

Where

n=SamplesizeN=populationsize

The value of σx, depends on the sample size n. if we change nthe value of σxi.e. standard deviation of all possible sample means differs.

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Most popular questions from this chapter

7.47 Baby Weight. The paper "Are Babies Normal?" by T. Clemons and M. Pagano (The American Statistician, Vol. 53, No, 4. pp. 298-302) focused on birth weights of babies. According to the article, the mean birth weight is3369 grams (7 pounds, 6.5 ounces) with a standard deviation of 581 grams.
a. Identify the population and variable.
b. For samples of size 200, find the mean and standard deviation of all possible sample mean weights.
c. Repeat part (b) for samples of size400.

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 6construct a table similar to table 7.2 on page293 what is the relationship between the only possible sample here and the population?

(b) For a random sample of size 6determine the probability that themean wealth of the two people obtained will be within 3(i.e,3 billion) of the population mean. interpret your result in terms of percentages.

Population data: 1,2,3,4,5

Part (a): Find the mean, μ, of the variable.

Part (b): For each of the possible sample sizes, construct a table similar to Table 7.2on the page 293and draw a dotplot for the sampling for the sampling distribution of the sample mean similar to Fig 7.1on page 293.

Part (c): Construct a graph similar to Fig 7.3and interpret your results.

Part (d): For each of the possible sample sizes, find the probability that the sample mean will equal the population mean.

Part (e): For each of the possible sample sizes, find the probability that the sampling error made in estimating the population mean by the sample mean will be 0.5or less, that is, that the absolute value of the difference between the sample mean and the population mean is at most 0.5.

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

Population data: 2,3,5,5,7,8

Part (a): Find the mean, μ, of the variable.

Part (b): For each of the possible sample sizes, construct a table similar to Table 7.2on the page 293and draw a dotplot for the sampling for the sampling distribution of the sample mean similar to Fig 7.1on page 293.

Part (c): Construct a graph similar to Fig 7.3and interpret your results.

Part (d): For each of the possible sample sizes, find the probability that the sample mean will equal the population mean.

Part (e): For each of the possible sample sizes, find the probability that the sampling error made in estimating the population mean by the sample mean will be 0.5or less, that is, that the absolute value of the difference between the sample mean and the population mean is at most0.5.

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