Question

Consider a sample of n independent observations. To reduce the standard error of the sample average...

Consider a sample of n independent observations. To reduce the standard error of the sample average by a factor of 10, the sample size must be increased by a factor of what number? Round your answer to two decimal places.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

If we want to reduce the standard error by a factor of 10 then we know standard error =Sigma/sqrt(n) so when n is increased by factor of 100 then standard error will decrease by 10 so answer is 100

Add a comment
Know the answer?
Add Answer to:
Consider a sample of n independent observations. To reduce the standard error of the sample average...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Consider two independent samples: Sample 1 has 217 observations and Sample 2 has 440 observations. In...

    Consider two independent samples: Sample 1 has 217 observations and Sample 2 has 440 observations. In testing H0: (mu2 - mu1) = 0 versus H1: (mu2 - mu1) LaTeX: \ne≠ 0, a t test statistic of -3.111 with 400 degrees of freedom are correctly computed. What is the P-value? (Answer as a probability, not a percent. Record your answer accurate to at least the nearest third decimal place with standard rounding.) .

  • Assume the population standard deviation is σ = 25. Compute the standard error of the mean...

    Assume the population standard deviation is σ = 25. Compute the standard error of the mean for a sample size of 50. (Round to two decimal places) Answer Compute the standard error of the mean for a sample size of 100. (Round to two decimal places) Answer Compute the standard error of the mean for a sample size of 150. (Round to two decimal places) Answer Compute the standard error of the mean for a sample size of 200. (Round...

  • A random sample of size n=68 is taken from a finite population of size N=644 with...

    A random sample of size n=68 is taken from a finite population of size N=644 with mean y = 239 and variance o?. 325. [You may find it useful to reference the table.) 8-1. Is it necessary to apply the finite population correction factor? Yes No 0-2. Calculate the expected value and the standard error of the sample mean (Round "expected value to a whole number and standard error to 4 decimal places.) Answer is complete but not entirely correct....

  • View Policies Current Attempt in Progress Impact of Sample Size on Accuracy Compute the standard error...

    View Policies Current Attempt in Progress Impact of Sample Size on Accuracy Compute the standard error for sample means from a population with mean y = 80 and standard deviation o = 25 for sample sizes of n = 30, n = 170, and n = 1300. Round your answers to two decimal places. Standard Error Sample Size n = 30: i n = 170 n = 1300 i

  • Consider a normal population with an unknown population standard deviation. A random sample results n x...

    Consider a normal population with an unknown population standard deviation. A random sample results n x 52.15 and s2 -21.16. Use Table 2 a. Compute the 95% confidence interval for μ if x and s2 were obtained from a sample of 19 observations. (Round intermediate calculations to 4 decimal places. Round "t" value to 3 decimal places and final answers to 2 decimal places.] Confidence interval to b. Compute the 95% confidence interval for if x and s2 were obtained...

  • Assume that the population proportion is 0.54. Compute the standard error of the proportion, aple sizes...

    Assume that the population proportion is 0.54. Compute the standard error of the proportion, aple sizes of 100, 200, 500, and 1,000 Round your answers to four decimal places.) For a sample size of 100 For a sample size of 200 For a sample size of 500 For a sample size of 1000 What can you say about the size of the standard error of the proportion as the sample size is increased? % approaches p as n increases. 0-increases...

  • A random sample of size n = 87 is taken from a population of size N...

    A random sample of size n = 87 is taken from a population of size N = 847 with a population proportion p = 0.75. [You may find it useful to reference the z table.] a-1. Is it necessary to apply the finite population correction factor? a-2. Calculate the expected value and the standard error of the sample proportion. (Round "expected value" to 2 decimal places and "standard error" to 4 decimal places.) b. What is the probability that the...

  • Question 6 --/1 View Policies Current Attempt in Progress Impact of Sample Size on Accuracy Compute the standard error...

    Question 6 --/1 View Policies Current Attempt in Progress Impact of Sample Size on Accuracy Compute the standard error for sample proportions from a population with proportion p = 0.95 for sample sizes of n = 10 n= 100 , and n= 1200 Round your answers to three decimal places. Standard Error Sample Size n= 10 n=100 n = 1200 e Textbook and Media Attempts: 0 of 3 used Save for Later Submit Answer

  • Use the formula to find the standard error of the distribution of differences in sample means,...

    Use the formula to find the standard error of the distribution of differences in sample means, X1 - X2 . Samples of size 100 from Population 1 with mean 92 and standard deviation 11 and samples of size 70 from Population 2 with mean 70 and standard deviation 15. Round your answer for the standard error to two decimal places. standard error =

  • A random sample of size n = 84 is taken from a population of size N...

    A random sample of size n = 84 is taken from a population of size N = 931 with a population proportion p = 0.58. [You may find it useful to reference the z table.] a-1. Is it necessary to apply the finite population correction factor? Yes No a-2. Calculate the expected value and the standard error of the sample proportion. (Round "expected value" to 2 decimal places and "standard error" to 4 decimal places.) b. What is the probability...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT