Assume that a population of size 5 specifies that all possible samples of size "3" are...

Assume that a population of size 5 specifies that all possible samples of size "3" are extracted without repetition.

Values:

2,500.00

2,650.00

2,790.00

3,125.00

3,200.00

1. Show that the expected value of the standard sampling error is greater than the standard deviation of the universe.

2. Select a sample and calculate the mean of the universe mean with a confidence level of 84% and develop an analysis.

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