Determine the mean and variance of the sampling


Consider a very small population with only five individuals. The values of a variable for this population are 1, 2, 4, 4, 9.

a) Determine the mean and variance of the sampling distribution for the sample mean of samples of size 2 by calculating the means of all 
5 2  possible samples of a simple random sample.

b) Compare your results with Corollary 4.3.3.

c) Repeat this for an iid sample.

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Basic Statistics: Determine the mean and variance of the sampling
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