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Statistics for Economics (24-25)

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What is the expected value of ?

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Consider the following data for two independent random samples taken from

two normal populations:

Sample 1: 7, 9, 12, 10, 12

Sample 2: 15, 20, 12, 8, 5

Compute the two sample means.

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The following results come from two independent random samples taken from two populations:

Sample 1:  

Sample 2:  

What is the point estimate of the difference between the two population means?

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Consider the following data for two independent random samples taken from

two normal populations:

Sample 1: 7, 9, 12, 10, 12

Sample 2: 15, 20, 12, 8, 5

What is the point estimate of the difference between the two population means?

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Which distribution do we use for confidence interval estimation when population

standard deviations are unknown?

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