Math Problem Statement
Solution
To solve this problem, we need to calculate the mean and standard deviation of the distribution of sample means for a population with a given mean () and standard deviation () when a random sample of a specified size () is taken.
Given Information
- Population mean,
- Population standard deviation,
- Sample size,
Solutions
-
Mean of the Distribution of Sample Means (): The mean of the distribution of sample means is the same as the population mean. Therefore:
-
Standard Deviation of the Distribution of Sample Means (): The standard deviation of the distribution of sample means, also known as the standard error, is calculated using the formula: Substituting the given values: Calculating this, we find: (rounded to two decimal places).
Final Answers:
- Mean of the distribution of sample means,
- Standard deviation of the distribution of sample means,
Would you like further details on the steps or have any questions?
Here are some related questions:
- What is the concept of the Central Limit Theorem and why is it important here?
- How would the standard deviation change if the sample size increased to 500?
- What is the interpretation of a standard error in the context of sampling?
- How would the calculation change if the population distribution were not normal?
- What sample size is needed to make the standard error less than 0.5?
Tip: Remember, as the sample size increases, the standard error decreases, making the sample mean a more accurate estimator of the population mean.
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Math Problem Analysis
Mathematical Concepts
Statistics
Sampling Distribution
Central Limit Theorem
Formulas
Mean of sample means: μ_x̄ = μ
Standard deviation of sample means (Standard Error): σ_x̄ = σ / √n
Theorems
Central Limit Theorem
Suitable Grade Level
College-level Statistics
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