Find difference between sample average and population mean

Reference no: EM131444045

Questions: 1. Explain the difference between the sample average and the population mean.

2. Explain the difference between an estimator and an estimate. Provide an example of each.

3. A population distribution has a mean of 10 and a variance of 16. Determine the mean and variance of from an i.i.d. sample from this population for (a) n = 10; (b) n = 100; and (c) n = 1000. Relate your answers to the law of large numbers.

Reference no: EM131444045

Questions Cloud

Compute the given probabilities : Compute the following probabilities.

Employees in the field of governmental projects : For a medium sized company of around 150 employees in the field of governmental projects, international business development, marketing and sales. Located in Egypt with operations in other middle east countries.

Job analysis essential for the development : 1. Please explain why is job analysis essential for the development of a performance appraisal and feedback system within a company? 2. Explain why and what are the benefits to a company for having a code of ethics? And what roles do values play ..

Participants roles for the hiring process : Formulate a plan, including a flowchart, and the participants' roles for the hiring process. This is to be done in Power Point presentation, 10-12 pages, including introduction and a conclusion.

Find difference between sample average and population mean : 1. Explain the difference between the sample average and the population mean. 2. Explain the difference between an estimator and an estimate. Provide an example of each.

What is difference between null and alternative hypothesis : What role does the central limit theorem play in statistical hypothesis testing? In the construction of confidence intervals? What is the difference between a null and alternative hypothesis? Among size, significance level, and power? Between a one-..

Pay systems in private-sector organizations : What did you learn about internal and external pay equity? Does it appear that employees are compensated for the worth of their contributions or on other factors?

Discuss the environmental problems caused by pests : HS415-1: Discuss the environmental problems caused by pests and pesticides.Demonstrate an understanding of the environmental problems resulting from ionizing and nonionizing radiation.Explain how the quality of food can affect the health of the gener..

Discover some of the valuable resources at your disposal : you to discover some of the valuable resources at your disposal. Through online magazines, journals, blogs, podcasts, and videos, we can access vast resources to sharpen our skills. For this discussion board, review a few of the articles I poste..

User Account

All Pages