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

Short Answer

Expert verified

No, sample size does not have an effect on the mean of all possible sample mean .

Step by step solution

01

Given Information 

We have to explain whether the sample size have an effect on the mean of all possible sample mean .

02

Explanation

Because the mean of all conceivable sample means is always equal to the population mean, regardless of sample size.

Assume we have a population of size4and the population observations are x1,x2,x3,x4.

Consider all possible size 2 samples now.

X1,X2X1+X22

X1,X3X1+X32

X1,X3X1+X32

X1,X4X1+X42

X2,X3X2+X32

X2,X4X2+X42

X3,X4X3+X42

The mean of all possible sample is

=x1+x22+x1+x32+x1+x42+x2+x32+x2+x42+x3+x426

=3X1+X2+X3+X42×6

=X1+X2+X3+X44

=μ=populationmean

For sample size of 3

sample mean:

X1,X2,X3X1+X2+X33

X1,X3,X4X1+X3+X43

X2,X3,X4X2+X3+X43

X1,X2,X4X1+X2+X43

The mean of all possible sample means of size 3


localid="1650494721215" =x1+x2+x33+x1+x3+x43+x2+x3+x43+x1+x2+x434

=x1+x2+x3+x1+x3+x4+x2+x3+x4+x1+x2+x434

=3X1+X2+X3+X43×4

=X1+X2+X3+X44

=μpopulationmean

For the sample size 4

The only possible sample= population mean

therefore Sample mean = population mean

i.e., mean of sample mean = population mean

So, we observe that for every sample size mean of the sample mean is equal to the population mean and it does not depend on the sample size.

as the result, No, sample size does not have an effect on the mean of all possible sample mean .

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Most popular questions from this chapter

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).

Loan Amounts. B. Ciochetti et al. studied mortgage loans in the article "A Proportional Hazards Model of Commercial Mortgage Default with Originator Bias" (Joumal of Real Exfate and Economics, Vol, 27. No. 1. pp. 5-23). According to the article, the loan amounts of loans originated by a large insurance-company lender have a mean of \(6.74 million with a standard deviation of \)15.37 million. The variable "loan amount" is known to have a right-skewed distribution.

a. Using units of millions of dollars, determine the sampling distribution of the sample mean for samples of size 200 . Interpret your result.

b. Repeat part (a) for samples of size 600

c. Why can you still answer parts (a) and (b) when the distribution of loan amounts is not normal, but rather right skewed?

d. What is the probability that the sampling error made in estimating the population mean loan amount by the mean loan amount of a simple random sample of 200 loans will be at most $1 million?

e. Repeat part (d) for samples of size 600

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.

Nurses and Hospital Stays. In the article "A Multifactorial Intervention Program Reduces the Duration of Delirium. Length of Hospitalization, and Mortality in Delirious Patients (Journal of the American Geriatrics Society, Vol. 53. No. 4. pp. 622-628), M. Lundstrom et al. investigated whether education programs for nurses improve the outcomes for their older patients. The standard deviation of the lengths of hospital stay on the intervention ward is 8.3days.

a. For the variable "length of hospital stay," determine the sampling distribution of the sample mean for samples of 80patients on the intervention ward.

b. The distribution of the length of hospital stay is right-skewed. Does this invalidate your result in part (a)? Explain your answer.

c. Obtain the probability that the sampling error made in estimating the population means length of stay on the intervention ward by the mean length of stay of a sample of 80patients will be at most 2days.

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 is 3369 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 size 400.

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