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When using the distribution of sample mean to estimate the population mean what is the benefit of using larger sample sizes?

The variance decreases with a larger sample so that the sample mean is likely to be closer to the population mean.


Is the sampling of error larger when the sample mean is closer to the population mean?

No.


Will a population mean and sample mean always be identical?

The sample mean will seldom be the same as the population mean due to sampling error. See the related link.


What is the the relationship between population and sample parameter and statistic?

The relations depend on what measures. The sample mean is an unbiased estimate for the population mean, with maximum likelihood. The sample maximum is a lower bound for the population maximum.


What is population mean in statistics?

The population mean is the mean value of the entire population. Contrast this with sample mean, which is the mean value of a sample of the population.


What is the standard deviation of the sample means called?

The standard deviation of the sample means is called the standard error of the mean (SEM). It quantifies the variability of sample means around the population mean and is calculated by dividing the population standard deviation by the square root of the sample size. The SEM decreases as the sample size increases, reflecting improved estimates of the population mean with larger samples.


Are the sample mean and sample proportion of a population are called population parameters?

No, the sample mean and sample proportion are not called population parameters; they are referred to as sample statistics. Population parameters are fixed values that describe a characteristic of the entire population, such as the population mean or population proportion. Sample statistics are estimates derived from a sample and are used to infer about the corresponding population parameters.


Why is the sample mean an unbiased estimator of the population mean?

The sample mean is an unbiased estimator of the population mean because the average of all the possible sample means of size n is equal to the population mean.


Difference between calculating the sample mean and the population mean?

The same basic formula is used to calculate the sample or population mean. The sample mean is x bar and the population mean is mu. Add all the values in the sample or population and divide by the number of data values.


What is the best estimator of population mean?

The best point estimator of the population mean would be the sample mean.


What happens to the sample mean as the sample size increases?

With a good sample, the sample mean gets closer to the population mean.


What is the difference between calculating the sample mean and the population mean?

You calculate the actual sample mean, and from that number, you then estimate the probable mean (or the range) of the population from which that sample was drawn.