Below you are given the values obtained from a random sample of 4 observations taken from an infinite population.
a.Find a point estimate for .Is this an unbiased estimate of ? Explain.
b.Find a point estimate for 2.Is this an unbiased estimate of 2? Explain.
c.Find a point estimate for .
d.What can be said about the sampling distribution of ? Be sure to discuss the expected value,the standard deviation,and the shape of the sampling distribution of
.
Correct Answer:
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b.8.667;Yes;E(s2
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