Question:
The average life expectancy of people in the United States in 2018 was 78.54 years with a standard deviation of approximately 15 years.
Suppose we take a sample of 40 individuals in the United States, what are the mean and standard deviation for sample averages from samples of size 40?
Answer:
Explanation:
Given
--- Population mean
--- Population standard deviation
--- Sample size
Solving (a): The sample mean
According to the central limit theorem, sample mean is always equal to the population mean.
So:
Solving (b): The sample standard deviation
Using the central limit theorem, we have:
So: