Question

In: Statistics and Probability

Take the mean (average) and sample standard deviation of the sixteen numbers below. 25.25881 25.27368 25.21009...

Take the mean (average) and sample standard deviation of the sixteen numbers below.

25.25881

25.27368

25.21009

25.2202

25.2925

25.20889

25.22643

25.21332

25.24447

25.21286

25.24233

25.25303

25.27901

25.2939

25.23751

25.20013

Mean:

Standard Deviation:

% Relative Standard Deviation (aka CV):

95% Confidence interval (tcrit = 2.086 at 95% CL, 20 DoF):

Next take the mean of each set of four numbers (columns) and then take the mean and standard deviation of the four numbers that are the means of the sets of four.

Mean:

Standard Deviation:

Can the mean be different from the one above?

Why is the standard deviation different? (There is a special name for this, if you remember it.)

Solutions

Expert Solution

  • Mean:
  • Standard Deviation:
  • C.V:
  • To obtain the CI, First we've to assume that the data is following Normal Distribution.
    and here we obtaion the CI for Population Mean.

  • We've to calculate the mean of each set of four numbers (columns) and then take the mean and standard deviation of the four numbers that are the means of the sets of four.
  1. The first set-
    25.25881
    25.2925
    25.24447
    25.27901
  • Mean:
  • Standard Deviation:
  • 2.The second set-
    25.27368
    25.20889
    25.21286
    25.2939
  • Mean:
  • Standard Deviation:
  • 3. The third set-
    25.21009
    25.22643
    25.24233
    25.23751
  • Mean:
  • Standard Deviation:

  • 4. The fourth set-
    25.2202
    25.21332
    25.25303
    25.20013
  • Mean:
  • Standard Deviation:


    GRAND MEAN


    STANDARD DEVIATION OF THE FOUR MEANS=0.020983
  • No, the mean can't be different from the above.
  • The Standard Deviation is called Standar Error.

I hope this clarifies your doubt. If you're satisfied with the solution, hit the Like button. For further clarification, comment below. Thank You. :)


Related Solutions

Use the following Average Return and Standard Deviation numbers for each of the asset classes below...
Use the following Average Return and Standard Deviation numbers for each of the asset classes below to calculate the range of one standard deviation from the mean for each asset class. To provide an example, the range has been calculated for Large Corporate Stocks.                                                       Average      Standard          Asset Class                             Return        Deviation          Range Large Company Stocks            11.9%           20.4%     (8.5)% to 32.2% Small Company Stocks            16.7              32.6        ___________ Long-term Corporate Bonds         6.2                8.3        ___________ Long-term Government...
A sample​ mean, sample​ size, and sample standard deviation are provided below. Use the​ one-mean t-test...
A sample​ mean, sample​ size, and sample standard deviation are provided below. Use the​ one-mean t-test to perform the required hypothesis test at the 1​% significance level. x=29​, s=6​, n=15​, H0​: μ=27​, Ha​: μ≠27 The test statistic is t=_______ ​(Round to two decimal places as​ needed.) The​ P-value is ______ ​(Round to three decimal places as​ needed.) ▼ ______ the null hypothesis. The data _____ sufficient evidence to conclude that the mean is ______ ▼
Item Sample Mean 1 Population standard deviation of 1 n1 Sample Mean 2 Population Standard Deviation...
Item Sample Mean 1 Population standard deviation of 1 n1 Sample Mean 2 Population Standard Deviation 2 n2 7 18 6 169 12 12 121 0.01 Perform a Two-tailed hypothesis test for two population means.
In a certain distribution of​ numbers, the mean is 60​, with a standard deviation of 5....
In a certain distribution of​ numbers, the mean is 60​, with a standard deviation of 5. Use​ Chebyshev's Theorem to tell what percent of the numbers are less than 50 or more than 70.  
Std. Err (standard error): The average deviation of sample means from the hypothesized population mean of...
Std. Err (standard error): The average deviation of sample means from the hypothesized population mean of 4.73 drinks is about 0.44 drinks. T-stat (T-score): The observed sample mean of 3.93 drinks is 1.8 standard errors below the hypothesized population mean of 4.73 drinks. P-value: If the population mean is 4.73 drinks, there is a 7.2% chance that sample means will have an error larger than that observed in our sample (observed error = 4.73 – 3.93 = 0.8 drinks) when...
A sample of size 20 yields a sample mean of 23.5 and a sample standard deviation...
A sample of size 20 yields a sample mean of 23.5 and a sample standard deviation of 4.3. Test HO: Mean >_ 25 at alpha = 0.10. HA: Mean < 25. This is a one-tailed test with lower reject region bounded by a negative critical value.
e. Using 50 random numbers given below, compute the mean and standard deviation. 0.733281 0.529223 0.570479...
e. Using 50 random numbers given below, compute the mean and standard deviation. 0.733281 0.529223 0.570479 0.156946 0.192894 0.698638 0.495868 0.998076 0.838307 0.905365 0.448185 0.137872 0.141081 0.574547 0.843859 0.894399 0.379021 0.508334 0.663515 0.652916 0.915581 0.906651 0.396749 0.251720 0.443785 0.772846 0.102010 0.682309 0.122710 0.245580 0.769919 0.425645 0.129105 0.345392 0.040610 0.583922 0.520693 0.601260 0.464264 0.338123 0.466757 0.030690 0.922145 0.157196 0.838904 0.987588 0.523028 0.618625 0.876213 0.465093 Mean =   (to 6 decimals) Standard deviation =   (to 6 decimals)
1. For a sample, the mean is 34.2, standard deviation is 5.3, and the sample size...
1. For a sample, the mean is 34.2, standard deviation is 5.3, and the sample size is 35. a.) what is the point estimate for the population mean? b.) compute a 95% confidence interval about the mean for the data (use t table) c.) compute a 99% confidence interval about the mean (use t table) 2. a poll asked 25 americans "during the past year how many books did you read?" the mean # was 18.8 books, and stand deviation...
A sample mean, sample standard deviation, and sample size are given. Use the one mean t-test...
A sample mean, sample standard deviation, and sample size are given. Use the one mean t-test to perform the required hypothesis test about the mean M of the population from which the sample was drawn. Use the P- value approach. Also asses the strength of the evidence against the null hypothesis. Mean of the sample= 226,450 ; S= 11,500 ; n= 23 ; mean of the population = 220, 000 ; Ha : M>220,000 ; alpha = 0.01 . 2)....
Draw 100 numbers from a normal distribution with a mean of **7** and standard deviation of...
Draw 100 numbers from a normal distribution with a mean of **7** and standard deviation of **4**, and store the output in an object called "x1": (R STUDIO)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT