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3. Sampling Distribution: Suppose you collect a random sample of 100 students from a population and...

3. Sampling Distribution: Suppose you collect a random sample of 100 students from a population and estimate that ?̅=67 inches and s=6.

a) What is your “best-guess” estimate of the population mean (µ)?

b) How likely is it that your “best-guess” estimate lies within 1 inch of the true mean (µ)?

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Answer #1

3)

a)

We know that the best estimate of population mean is given by:

b)

Required probability =

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