Answer to Question #224279 in Other for Babar Iqbal

Question

A finite population consists of five values 1, 3, 5, 7 and 9. Take all possible samples of size 2 which can be drawn with replacement from this population. Assuming the 25 possible samples equally likely, construct the sampling distribution of sample means and sample variances and the find the mean of these distribution. Calculate the mean and variance of the population. Discuss the result.

Answer 1

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