Sampling Distribution of the Sampling Mean | CFA® Level 1 Exam

The Sampling Distribution of the Sampling Mean

Prev Question Next Question

Question

The sampling distribution of the sampling mean is:

Answers

Explanations

Click on the arrows to vote for the correct answer

A. B. C. D.

A

The sampling distribution of the sample means is a probability distribution of all possible sample means of a specific sample size.

The correct answer is A. the distribution of the means of all possible samples of a given size from a given population.

The sampling distribution of the sampling mean refers to the distribution of sample means that would be obtained from all possible samples of a given size drawn from a specific population.

To understand this concept better, let's break it down:

  1. Population: In statistics, a population refers to the entire group of individuals, objects, or observations that we are interested in studying. It is important to note that the population is often too large to measure or observe entirely, so we take a sample from the population to make inferences about it.

  2. Sample: A sample is a subset of the population. It is a smaller, manageable group that we select to represent the entire population. The process of selecting a sample from a population is called sampling.

  3. Sampling Mean: When we take a sample from a population, we calculate the mean of that sample. The mean of a sample is the average value of all the observations in the sample.

  4. Sampling Distribution: The sampling distribution refers to the distribution of a particular statistic (in this case, the sample mean) obtained from multiple samples of the same size taken from the same population. It shows all the possible values of the sample mean and how frequently each value occurs.

The key point is that the sampling distribution of the sampling mean represents the distribution of sample means, not individual observations or the entire population. It is a theoretical distribution that allows us to make inferences about the population based on the sample mean.

Option A correctly describes the sampling distribution as the distribution of the means of all possible samples of a given size from a given population. This means that if we were to take all possible samples of the same size from a population and calculate the mean of each sample, the distribution of those sample means would follow the sampling distribution of the sampling mean.

Options B, C, and D do not accurately describe the sampling distribution as they either refer to the distribution of all possible samples (B), the distribution of all possible means (C), or the distribution of the means of all possible samples from a given population (D), which is not accurate.

Therefore, the correct answer is A. the distribution of the means of all possible samples of a given size from a given population.