Explain what your computed population mean and population standard deviation were. Explain how much more or less the standard deviation of sample means was than the population standard deviation. According to the formula for standard deviation of sample m

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I need a paragraph for each of the two quesitons below and also some analysis of the attached spreadsheet.

 

  1.  Review the data and for the purpose of this project please consider the 100 listing prices as a population. 

·         Explain what your computed population mean and population standard deviation were.


Explain how much more or less the standard deviation of sample means was than the population standard deviation. According to the formula for standard deviation of sample means, it should be far less.  (That formula is σ = σ/√n  =  σ/√10  = σ/3.16  )  Does your computed σ  agree with the formula?

 

 

This needs to be in APA format.

  • 10 years ago
  • 10
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