Exercise · ZW-SAMPLE-MEAN-006 · ★★☆ Intermediate
To halve the standard deviation of the sample mean , the sample size must be multiplied by:
Choose one option.
A 2 B \(\sqrt2\) C 3 D 4
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Explanation Since \(\sigma/\sqrt n\) shrinks with the square root of \(n\), halving it needs \(\sqrt n\) to double, that is, four times as much data.
The sample mean \(\bar X\) is the arithmetic average of the \(n\) variables \(X_i\) of a random sample ; since it depends on the sample, it is itself a random variable .
\[\bar X=\dfrac{1}{n}\sum_{i=1}^{n}X_i\]
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