Consider a population consisting of 1,2,3,4 and 5. Supposed samples of size 3 are drawn from this population.Find the sampling distribution of the sample means.
Expert's answer
We have population values 1,2,3,4,5, population size N=5 and sample size n=3.
Mean of population (μ) = 51+2+3+4+5=3
Variance of population
σ2=NΣ(xi−xˉ)2=54+1+0+1+4=2σ=σ2=2≈1.4142
The number of possible samples which can be drawn without replacement is NCn=5C3=10.
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