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LESSON 7 Mean Variance of Sampling Distribution

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17 views

LESSON 7 Mean Variance of Sampling Distribution

Uploaded by

Stella Berry
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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SAN LORENZO RUIZ DE MANILA SCHOOL

FINDING THE MEAN &


THE VARIANCE OF
SAMPLING
DISTRIBUTION

GERALD L. SORIANO
OBJECTIVES:
AT THE END OF THE LESSON, YOU ARE
EXPECTED TO:

• FIND THE MEAN AND VARIANCE OF


THE SAMPLING DISTRIBUTION OF
THE SAMPLE MEANS;
OBJECTIVES:
AT THE END OF THE LESSON, YOU ARE
EXPECTED TO:

• STATE & EXPLAIN THE


CENTRAL LIMIT THEOREM;
AND
OBJECTIVES:
AT THE END OF THE LESSON, YOU ARE
EXPECTED TO:
• DEVELOP AWARENESS THAT
INVESTMENT PRODUCTS HAVE
DIFFERENT LEVELS OF RISK OF
LOSING THE MONEY INVESTED
DAPAT ALAM MO!
COMPLETE THE
FOLLOWING TABLE
ROLLING A DIE
The following data are
obtained from rolling a die
several times. Compute the
mean and variance of the
frequency distribution.
OUTCOMES NUMBER OF
OCCURENCE
1 4

2 8

3 6

4 12

5 3

6 7
EXAMPLE #1
Consider a population consisting
of 1,2,3,4, and 5. Suppose
samples of size 2 are drawn from
this population. Describe the
sampling distribution of the
sample means.
• What is the mean and variance of the
sampling distribution of the sample
means?
• Compare these values to the mean
and variance of the population
• Draw the histogram of the sampling
distribution of the sample mean.
STEPS
1. Compute the mean of the
population.
2. Compute the variance of the
population
3. Determine the number of possible
samples of size n = 2
STEPS
4. List all possible samples and their
corresponding means.

5. Construct the sampling distribution


of the sample means.
STEPS
6. Compute the mean of the sampling
distribution if the sample mean
Follow these steps:
• Multiply the sample mean by the
corresponding probability.
• Add the results.
STEPS
7. Compute the variance of the
sampling distribution of the sample
means: Follow these steps:
a. Subtract the population mean from
each sample mean.
b. Square the difference.
STEPS
c. Multiply the results by the
corresponding probability.
d. Add the results.

8. Construct the histogram for the


sampling distribution of the sample
means.
EXAMPLE #2
Consider a population consisting
of 1,2,3,4, and 5. Suppose
samples of size 3 are drawn from
this population. Describe the
sampling distribution of the
sample means.
QUESTIONS:
HOW DO YOU COMPARE
MEAN OF THE SAMPLE
MEANS AND THE MEAN OF
THE POPULATION?
QUESTIONS:
HOW DO YOU COMPARE THE
VARIANCE OF THE SAMPLE
MEANS AND THE VARIANCE
OF THE POPULATION?

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