SOLUTION:
Case: Averages
Method:
Sample 1
Mean
Sample 2
Mean
Sample 3
Mean
b) Range of sample means:
R = 4.75 - 4.25
R = 0.5
c)
The following statements are valid:
i) The closer the range of the sample mean is to 0. The more confident they can be in their estimate
iii) The mean of the sample mean will tend to be a much better estimate than a single sample mean.
Final answers:
a)
SAMPLE 1. m = 4.25
SAMPLE 2. m = 4.75
SAMPLE 3. m = 4.75
b) Range = 0.5
c)
i) The closer the range of the sample mean is to 0. The more confident they can be in their estimate
iii) The mean of the sample mean will tend to be a much better estimate than a single sample mean.