News

Distribution of Sample Means Sampling with Replacement Example 1: The population from which samples are selected is {1,2,3,4,5,6}. This population has a mean of 3.5 and a standard deviation of 1.70783 ...
Consider a population of 70 individuals, for which you wish to estimate the mean annual income, μ. Assume that you have decided to use the following estimation procedure to make your estimate: simple ...
Given a population of N units, it is required to draw a random sample of n distinct units in such a way that the probability for the ith unit to be in the sample is proportional to its "size" xi ...