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 11ecf06b_be84_96e5_b512_aff0a4e65f1e_TB2075_11
.
Correct Answer:
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b.8.667; Yes; E(s
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