12/19/2013 12:32:00 PM 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 a. b.

A critical part of inferential statistics involves determining how far sample statistics are likely to vary from each other and from the population parameter. Here, the population parameter is the c. Imagine having 3 pool balls. Sample 2 balls, record their mean Sample another and another and so on Having thousands of samples, record the relative frequency of each mean o Relative frequency = Frequency / Total Number of means Plot the Relative frequency on Y-axis, and the value of the mean on the X axis If you sample the two balls infinite times, youll get to the sampling distribution of the mean d. The variance of the sampling distribution of the mean:

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e. Standard Error:

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f. Central Limit Theorem: Given a population with a finite mean and a finite non-zero variance 2, the sampling distribution of the mean approaches a normal distribution with a mean of and a variance of 2/N as N, the sample size, increases. g.