Refer to Exercise 7.5 on page 295.

a. Use your answers from Exercise 7.5(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 7.5(a).

Short Answer

Expert verified

Part a. The variable x¯has a mean value of μx¯=2.5for each of the possible sample sizes.

Part b. The population mean is μ=2.5.

Step by step solution

01

Part (a) Step 1. Given Information 

It is given that the population data is 1,2,3,4.

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: 1,2,3,4.

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

Samplex¯
11
22
33
44

The variable x¯has the following mean

μx¯=1+2+3+44μx¯=104μx¯=2.5

So when the sample size is 1, the variable x¯has a mean μx¯=2.5.

03

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

For the population data: 1,2,3,4.

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

Sample
x¯
1,21+22=1.5
1,31+32=2
1,41+42=2.5
2,32+32=2.5
2,42+42=3
3,43+42=3.5

The variable x¯has the following mean

μx¯=1.5+2+2.5+2.5+3+3.56μx¯=156μx¯=2.5

So when the sample size is 2, the variable x¯has a mean μx¯=2.5.

04

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

For the population data: 1,2,3,4.

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

Sample
x¯
1,2,31+2+33=2
1,2,4role="math" localid="1652552374094" 1+2+43=2.33
1,3,41+3+43=2.67
2,3,42+3+43=3

The variable x¯has the following mean

μx¯=2+2.33+2.67+34μx¯=104μx¯=2.5

So when the sample size is 3, the variable x¯has a mean μx¯=2.5.

05

Part (a) Step 5. When the sample size is 4

For the population data: 1,2,3,4.

The sample and sample mean for a sample of size n=4are shown in the table below.

Sample
x¯
1,2,3,41+2+3+44=2.5

So when the sample size is 4, the variable x¯has a mean μx¯=2.5.

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

06

Part (b) Step 1. Find the population mean

For the given population data: 1,2,3,4 the population mean can be given as

μ=1+2+3+44μ=104μ=2.5

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

Repeat parts (b)-(e) of Exercise 7.11 for samples of size 1.

7.54 Unbiased and Biased Estimators. A statistic is said to be an unbiased estimator of a parameter if the mean of all its possible values equals the parameter. otherwise, it is said to be a biased estimator. An unbiased estimator yields, on average, the correct value of the parameter, whereas a biased estimator does not.
a. Is the sample mean an unbiased estimator of the population mean? Explain your answer.
b. Is the sample median an unbiased estimator of the population median? (Hint: Refer to Example 7.2 on pages 292-293. Consider samples of size 2.)

In Example 7.5, we used the definition of the standard deviation of a variable to obtain the standard deviation of the heights of the five starting players on a men's basketball team and also the standard deviation of x for samples of sizes 1,2,3,4,5.The results are summarized in Table 7.6on page 298. Because the sampling is without replacement from a finite population, Equation (7.1) can also be used to obtain σx.

Part (a): Apply Equation (7.1) to compute σx for sample sizes of 1,2,3,4,5. Compare your answers with those in Table 7.6.

Part (b): Use the simpler formula, Equation (7.2) to compute σx for samples of sizes 1,2,3,4,5.Compare your answers with those in Table 7.6. Why does Equation (7.2)generally yield such poor approximations to the true values?

Part (c): What percentages of the population size are samples of sizes 1,2,3,4,5.

Refer to Exercise 7.8 on page 295.

a. Use your answers from Exercise 7.8(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 7.8(a).

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 4construct a table similar to table 7.2 on page293.(There are 15 possible sample of size 4

(b) For a random sample of size 4determine 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.

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