A population N=5 consists of the following values: 9, 11, 13, 15, and 17. Find the mean, variance, and standard deviation using a random variable of size n=3
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In sampling distribution, the population mean is equal to the mean of the distribution of the samples of size . That is, .
Here, .
Also, the variance of the distribution of samples of size is given by .
Here,
.
Thus, .
Also, the standard deviation is the square root of the variance, hence, .