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Refer to Exercise 5.3.a. Find the sampling distribution of

Statistics for Business and Economics | 12th Edition | ISBN: 9780321826237 | Authors: James T. McClave, P. George Benson, Terry T Sincich ISBN: 9780321826237 51

Solution for problem 13E Chapter 5

Statistics for Business and Economics | 12th Edition

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Statistics for Business and Economics | 12th Edition | ISBN: 9780321826237 | Authors: James T. McClave, P. George Benson, Terry T Sincich

Statistics for Business and Economics | 12th Edition

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Problem 13E

Refer to Exercise 5.3.

a. Find the sampling distribution of s2.

b. Find the population variance σ2.

c. Show that s2 is an unbiased estimator of σ2.

d. Find the sampling distribution of the sample standard deviation s.

e. Show that s is a biased estimator of σ.

Step-by-Step Solution:

Step 1 of 5</p>

a) We have to find the sampling distribution of s2 

From the data given in exercise we have find s2 

Now calculate the s2 values for each sample

For the sample (1,1)  

 Then s2 =[(1-1)2+(1-1)2]/1

              =0

For the sample (1,2)  

 Then s2 =[(1-15)2+(2-1.5)2]/1

              =0.5

Calculate the  s2 values for all the remaining samples

s2

p(s2)

s2

p(s2)

0

0.04

0.5

0.04

0.5

0.06

2

0.02

2

0.04

4.5

0.04

4.5

0.04

2

0.06

8

0.02

0.5

0.04

0.5

0.06

0

0.04

0

0.09

0.5

0.02

0.5

0.06

8

0.02

2

0.06

4.5

0.03

4.5

0.03

2

0.02

2

0.04

0.5

0.02

0.5

0.06

0

0.01

0

0.04

Now the sampling distribution of s2  is

s2

0

0.5

2

4.5

8

p(s2)

0.22

0.36

0.24

0.14

0.04

Step 2 of 5</p>

b) We have to find population variance

Now

               =

               =1.61

Step 3 of 3

Chapter 5, Problem 13E is Solved
Textbook: Statistics for Business and Economics
Edition: 12
Author: James T. McClave, P. George Benson, Terry T Sincich
ISBN: 9780321826237

This textbook survival guide was created for the textbook: Statistics for Business and Economics , edition: 12. Statistics for Business and Economics was written by and is associated to the ISBN: 9780321826237. The answer to “Refer to Exercise 5.3.a. Find the sampling distribution of s2.b. Find the population variance ?2.c. Show that s2 is an unbiased estimator of ?2.d. Find the sampling distribution of the sample standard deviation s.e. Show that s is a biased estimator of ?.” is broken down into a number of easy to follow steps, and 43 words. This full solution covers the following key subjects: Find, distribution, Sampling, estimator, refer. This expansive textbook survival guide covers 15 chapters, and 1630 solutions. The full step-by-step solution to problem: 13E from chapter: 5 was answered by , our top Business solution expert on 07/21/17, 05:42AM. Since the solution to 13E from 5 chapter was answered, more than 301 students have viewed the full step-by-step answer.

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