Refer to Exercise 7.19. Plot the standard error of the mean (SE) versus the sample size n and connect the points with a smooth curve. What is the effect of increasing the sample size on the standard error?
Reference:
A random sample of n observations is selected from a population with standard deviation σ = 1. Calculate the standard error of the mean (SE) for these values of n:
a. n = 1 b. n = 2 c. n = 4 d. n = 9 e. n = 16 f. n = 25 g. n = 100
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