You are given a population of 3 elements , which are 3,4,5. Suppose all possible samples of size 2 are drawn from the population with replacement, compute for the following;
Mean of the sample means;
Variance of the sample means; and standard deviation of the sample means
We have population values 3,4,5, population size N=3 and sample size n=2.
Mean of population "(\\mu)" = "\\dfrac{3+4+5}{3}=4"
Variance of population
"\\sigma=\\sqrt{\\sigma^2}=\\sqrt{\\dfrac{2}{3}}\\approx0.8165"
Select a random sample of size 2 withreplacement. We have a sample distribution of sample mean.
The number of possible samples which can be drawn with replacement is "N^n=3^2=9"
"\\def\\arraystretch{1.5}\n \\begin{array}{c:c:c:c:c}\n no & Sample & Sample \\\\\n& & mean\\ (\\bar{x})\n\\\\ \\hline\n 1 & 3,3 & 6\/2 \\\\\n \\hdashline\n 2 & 3,4& 7\/2 \\\\\n \\hdashline\n 3 & 3,5 & 8\/2 \\\\\n \\hdashline\n 4 & 4,3 & 7\/2 \\\\\n \\hdashline\n 5 & 4,4 & 8\/2 \\\\\n \\hdashline\n 6 & 4,5 & 9\/2 \\\\\n \\hdashline\n 7 & 5,3 & 8\/2 \\\\\n \\hdashline\n 8 & 5,4 & 9\/2 \\\\\n \\hdashline\n 9 & 5,5 & 10\/2 \\\\\n \\hdashline\n\\end{array}"Mean of sampling distribution
"\\mu_{\\bar{X}}=E(\\bar{X})=\\sum\\bar{X}_if(\\bar{X}_i)=\\dfrac{72}{18}=4=\\mu"The variance of sampling distribution
"Var(\\bar{X})=\\sigma^2_{\\bar{X}}=\\sum\\bar{X}_i^2f(\\bar{X}_i)-\\big[\\sum\\bar{X}_if(\\bar{X}_i)\\big]^2""=\\dfrac{588}{36}-(4)^2= \\dfrac{1}{3}= \\dfrac{\\sigma^2}{n}""\\sigma_{\\bar{X}}=\\sqrt{\\dfrac{1}{3}}\\approx0.57735"
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