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  • Statistics Question

    How do I find out the probability of a random sample of n=15 having a mean of +1 standard deviation of the population mean?

    I've been trying all day to work this one out, but it has continued to give me problems.
    I'm building a wagon! On some other part of the internets, obviously (but not that other site).

  • #2
    The standard deviation of the mean of a random sample of a population with normal distribution drops as the square root of the size of the sample.

    In other words, a sampling of 15 people at random from the population will give a mean which is normally distributed about the population mean with standard deviation 1/sqrt(15) times the population standard deviation.

    So the probability of your fifteen people having mean equal to or greater than 1 sigma is the same as the probability of taking an individual and having him be equal to or greater than sqrt(15) sigma = 3.87 sigma or so (0.01% or so IIRC)
    12-17-10 Mohamed Bouazizi NEVER FORGET
    Stadtluft Macht Frei
    Killing it is the new killing it
    Ultima Ratio Regum

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    • #3
      This is a standard random walk problem...
      12-17-10 Mohamed Bouazizi NEVER FORGET
      Stadtluft Macht Frei
      Killing it is the new killing it
      Ultima Ratio Regum

      Comment


      • #4
        Its what I get for not studying this though.
        Cheers.
        I'm building a wagon! On some other part of the internets, obviously (but not that other site).

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