UCF QMB 3200 Final Exam Study Guide | Verified by Experts 2024

Doubling the size of the sample will - reduce the standard error of the mean The sample mean is the point estimator of - U A simple random sample of size n from an infinite population of size N is to be selected. Each possible sample should have - the same probability of being selected Which of the following statements regarding the sampling distribution of sample means is incorrect? - The standard deviation of the sampling distribution is the standard deviation of the population. A simple random sample of size n from an infinite population is a sample selected such that - each element is selected independently and is selected from the same population The fact that the sampling distribution of sample means can be approximated by a normal probability distribution whenever the sample size becomes large is based on the - central limit theorem. Cluster sampling is - a probability sampling method