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# A population consists of the following four values: 12, 12, 14, and 16. a. List all ISBN: 9780073401805 480

## Solution for problem 5 Chapter Chapter 8

Statistical Techniques in Business and Economics | 15th Edition

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Problem 5

A population consists of the following four values: 12, 12, 14, and 16. a. List all samples of size 2, and compute the mean of each sample. b. Compute the mean of the distribution of the sample mean and the population mean. Compare the two values. c. Compare the dispersion in the population with that of the sample mean.

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Statistics 201 9/06/16  Dispersion­ spread ­Info about location (avg or median)  Range­ difference between max and min ­Range=max­min  Positive/right skew ­ mean is pulled to the right, and is larger than the median  Negative/left skew ­mean is pulled to the left, and is smaller than...

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##### ISBN: 9780073401805

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