You have five employees with hourly wages listed with. the standard deviation of the population is 2.80.
6, 8, 8, 11, 14
A. How many samples of size n=2 can you get from this population?
B. Create the sampling distribution of sample means.
C. Calculate the mean of the sampling distribution of sample means. How does this compare to the mean of the population? How should these two compare?
D. Calculate the standard deviation of the sampling distribution of means. What is this also called?