QMETH 201 Exercise Set 5 Due 12 November 2015 1 As sample si

QMETH 201, Exercise Set 5, Due 12 November 2015 1. As sample size, n, increases: a. Do you expect the likelihood of selecting cases or observations with extreme/outlying values to decrease, stay the same, or increase? Explain briefly. b. Do you expect the range of sample values to decrease. stay the same, or increase? Explain briefly. c. Do you expect the sampling error (for example, sample mean - pop. mean) to decrease, stay the same, or increase? Explain briefly.

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