(Solution) - The amounts four friends paid for their MP3 players are -(2025 Original AI-Free Solution)
Paper Details
The amounts four friends paid for their MP3 players are $200, $130, $270, and $230. Use a sample size of 2.
Find the mean and standard deviation of the population. List all samples (with replacement) of the given size from that population and find the mean of each. Find the mean and standard deviation of the sampling distribution of sample means and compare them with the mean and standard deviation of the population.