In: Statistics and Probability
What two things happen to your sampling distribution as you increase sample size? . Suppose you have a normally distributed population. You decide to collect 10 samples from this population and your colleague collects 30 samples from this population. a. Hand draw the original population, your sampling distribution, and your colleague’s sampling distribution. b. What changes as you increase the sample size?
Sol:
n1=10,n2=30
sample follow normal distribution
sampling distribution follows normal distribution as original population follows normal distribution
Solutionb:
as we increase sample size standard error decreases
For ex
sigma=100
for n=10
standard error=100/sqrt(10)= 31.62278
sigma=100
for n=30
standard error=100/sqrt(30)= 18.25742
standard error decreases from 31.62278 to 18.25742 when sample size increased from 10 to 30
Also when we increase sample size,width of the interval decreases for any given confidence coefficient
For say 95% confidence interval
sigma=100
xbar=50
MARGIN OF ERROR WHEN n=10
=CONFIDENCE.NORM(0.05,100,10)
=61.9795
lower limit=xbar-moe=50-61.9795= -11.9795
upper limit=xbar+moe=50+61.9795=111.9795
MARGIN OF ERROR WHEN n=30
=CONFIDENCE.NORM(0.05,100,30)
=35.78388287
lower limit=xbar-moe=50-35.78388287= 14.21612
upper limit=xbar+moe=50+35.78388287= 85.78388
so width of the interval decreased when we increased sample size from 10 to 30
as we increase sample size standard error decreases
width of the interval decrease when we increased sample size