Samples of size 2 will be drawn at random from a population with µ=2.5 and σ =1.118.
Calculate the meanand the standard errorof the samplingdistribution of the sample means. Also, find the mean and standard error of the sampling distributionfor samples of size 5.
What happens to the standard error as the sample size increases?
The solution provides step-by-step method for the calculation of mean and standard error of a population. Formula for the calculation and Interpretations of the results are also included.