Finding Sampling Errors
There are 4 samples of 40 individuals each interviewed to find out how often they visit a fast food restaurant in the week. The averages of each sample were 2.5, 3.4, 2.3 and 3.0. If the average is 2.85 and its standard deviation is 50 and we assume that the population is normally distributed.
a) Find the sampling error for each sample
b) Find the standard error
The Sampling Error is calculated by using the formula
Sampling Error = Statistic - Parameter ...