Consider a population consisting of five values—1, 2, 2, 4, and 8. Find the population m...

Consider a population consisting of five values—1, 2, 2, 4, and 8. Find the population mean and variance. Calculate the sampling distribution of the mean of a sample of size 2 by generating all possible such samples. From them, find the mean and variance of the sampling distribution, and compare the results to Theorems A and B in Section 7.3.1.

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