This preview shows page 1. Sign up to view the full content.
Unformatted text preview: Population Distribution Sampling Distribution o Which has a bigger variance? Averages are less variable than the actual population Sampling distribution has more values clumped around mean o Chance sampling error caused Xbar = 2? Possible but not likely Statistically not plausible, only 0.8% chance Explanations Nonsampling errors (Biased) Population parameters not what town claimed (Town Lying) Sampling Distribution of Median 3 possible medians Find probability using multiplication rule encased in the addition rule (refer to Slide 8) Based on the comparison of the two sample statistic the E{Median} is more subject to sampling error due to greater variation...
View Full
Document
 Fall '11
 tanaka
 Economics

Click to edit the document details