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Sampling with a Pair of Dice, business and finance homework help
Go to the link: http://www.random.org/dice/
- Roll the 2 virtual dice and calculate the sum of the pair of virtual dice. Do this 10 times.
- Then after you have rolled the virtual pair dice 10 times and calculated 10 sums calculate the average of these 10 sums.
- Conduct this experiment again but this time roll the virtual pair of dice 20 times and calculate the 20 sums and then find the average of these 20 sums.
- Post your results and discussion how this relates to this week’s lesson, particularly the Central Limit Theorem.