Question

Sales volume last weekend for four samples, each consisting of five car dealerships, were as follows:...

Sales volume last weekend for four samples, each consisting of five car dealerships, were as follows:

Data Point 1 2 3 4 5
Sample 1 37 15 43 25 21
Sample 2 38 31 12 19 28
Sample 3 16 21 45 32 25
Sample 4 19 10 45 37 22

What is the mean of the distribution of sample means?

Please round your answer to the nearest tenth.

Note that the correct answer will be evaluated based on the full-precision result you would obtain using Excel.

Homework Answers

Answer #1
Data Point 1 2 3 4 5 Total Mean
Sample 1 37 15 43 25 21 141 28.2
Sample 2 38 31 12 19 28 128 25.6
Sample 3 16 21 45 32 25 139 27.8
Sample 4 19 10 45 37 22 133 26.6
Total 108.2
Mean 27.1

to obtain the mean of the distribution of sample means, we first calculated the sample means of all 4 samples by below formula

Sample mean

we obtained the sample mean of each sample and then again calculated the mean of all the sample means.

All these process are presented in above table.

Hence, the mean of the distribution of sample means is 27.1

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