Explain the relationship between the sampling distribution and sample size. 2. Explain the meaning of sampling error. 3. From a random sample of 40 divers, what is the probability that the mean time they spend in water is between 60 minutes and 90 minutes if the standard deviation is 2 minutes. 4. Explain the central limit theorem and state its importance in statistics. 5. A population consists of fire 4 numbers 25, 26, 30 and 22. a) Draw out all the possible samples of size 2 that can be obtained from this population. b) Determine the mean of the sampling distribution of means. c) Calculate the standard deviation of sampling distribution of means

Economics
Explain the relationship between the sampling distribution and sample size. 2. Explain the meaning of sampling error. 3. From a random sample of 40 divers, what is the probability that the mean time they spend in water is between 60 minutes and 90 minutes if the standard deviation is 2 minutes. 4. Explain the central limit theorem and state its importance in statistics. 5. A population consists of fire 4 numbers 25, 26, 30 and 22. a) Draw out all the possible samples of size 2 that can be obtained from this population. b) Determine the mean of the sampling distribution of means. c) Calculate the standard deviation of sampling distribution of means

ScanSolve AI Answer

Question 1:
The sampling distribution of the sample mean becomes narrower as the sample size increases because its variance is σ2/n\sigma^2 / n, which decreases as nn grows. Larger samples lead to means closer to the population mean μ\mu. For large nn, the Central Limit Theorem ensures the sampling distribution is approximately normal.

Question 2:
A random sample is a subset where each population element has an equal chance of selection. Sampling error is the random difference between a sample statistic (e.g., xˉ\bar{x}) and the population parameter (e.g., μ\mu). Its expected value is zero, and it shrinks with larger nn. (The probability query on mean time within 2 minutes for times between 60-90 minutes lacks full details like distribution or nn; assuming uniform or normal, use Chebyshev or z-scores accordingly, but cannot compute precisely.)

Question 3:
The Central Limit Theorem (CLT) states that for large nn, the sampling distribution of xˉ\bar{x} is approximately normal with mean μ\mu and variance σ2/n\sigma^2/n, regardless of population shape. Importance: Enables inference (confidence intervals, hypothesis tests) using normal tables even for non-normal populations; crucial in statistics for n30n \geq 30.

Question 4:
The population consists of four numbers: 22,25,26,3022, 25, 26, 30.

Question 5a: All possible samples of size n=2n=2 (simple random sampling without replacement, N=4N=4, so C(4,2)=6C(4,2)=6 equally likely samples):

{22,25},{22,26},{22,30},{25,26},{25,30},{26,30}.\begin{align*} &\{22,25\}, &&\{22,26\}, &&\{22,30\}, \\ &\{25,26\}, &&\{25,30\}, &&\{26,30\}. \end{align*}

Step 1: Compute sample means xˉ\bar{x} for each.

xˉ1=22+252=472,xˉ2=22+262=24,xˉ3=22+302=26,xˉ4=25+262=512,xˉ5=25+302=552,xˉ6=26+302=28.\begin{align*} \bar{x}_1 &= \frac{22+25}{2} = \frac{47}{2}, \\ \bar{x}_2 &= \frac{22+26}{2} = 24, \\ \bar{x}_3 &= \frac{22+30}{2} = 26, \\ \bar{x}_4 &= \frac{25+26}{2} = \frac{51}{2}, \\ \bar{x}_5 &= \frac{25+30}{2} = \frac{55}{2}, \\ \bar{x}_6 &= \frac{26+30}{2} = 28. \end{align*}

Question 5b: Mean of the sampling distribution μxˉ\mu_{\bar{x}}.
Step 2: μ=22+25+26+304=1034\mu = \frac{22+25+26+30}{4} = \frac{103}{4}.
Sum of sample means: 47+48+52+51+55+562=3092\frac{47+48+52+51+55+56}{2} = \frac{309}{2}.

μxˉ=309/26=30912=1034.\mu_{\bar{x}} = \frac{309/2}{6} = \frac{309}{12} = \frac{103}{4}.

The mean of the sampling distribution is 1034\frac{103}{4}.

Question 5c: Standard deviation of the sampling distribution σxˉ\sigma_{\bar{x}}.
Step 3: Population variance σ2\sigma^2.

μ=1034,(221034)2=(154)2=22516,(251034)2=(34)2=916,(261034)2=(14)2=116,(301034)2=(174)2=28916.\begin{align*} \mu &= \frac{103}{4}, \\ \left(22 - \frac{103}{4}\right)^2 &= \left(-\frac{15}{4}\right)^2 = \frac{225}{16}, \\ \left(25 - \frac{103}{4}\right)^2 &= \left(-\frac{3}{4}\right)^2 = \frac{9}{16}, \\ \left(26 - \frac{103}{4}\right)^2 &= \left(\frac{1}{4}\right)^2 = \frac{1}{16}, \\ \left(30 - \frac{103}{4}\right)^2 &= \left(\frac{17}{4}\right)^2 = \frac{289}{16}. \end{align*}

Sum = 52416\frac{524}{16}, so σ2=52416×4=13116\sigma^2 = \frac{524}{16 \times 4} = \frac{131}{16}.

Step 4: Use formula for without replacement:

σxˉ2=σ2nNnN1=131/1624241=1313223=13148.\sigma_{\bar{x}}^2 = \frac{\sigma^2}{n} \cdot \frac{N-n}{N-1} = \frac{131/16}{2} \cdot \frac{4-2}{4-1} = \frac{131}{32} \cdot \frac{2}{3} = \frac{131}{48}. σxˉ=13148.\sigma_{\bar{x}} = \sqrt{\frac{131}{48}}.

The standard deviation of the sampling distribution is 13148\sqrt{\dfrac{131}{48}}.

\sqrt{\frac{131{48}}}

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