Sampling and unbiased estimates
We usually can't measure a whole population, so we measure a random sample and estimate. The sample mean estimates fairly, but for the variance we divide by , not , to stop the estimate coming out too small on average.
≈ 35 minThe sample mean and the Central Limit Theorem
The mean of a random sample is itself a random variable. It is centred on , its spread shrinks like , and for large samples it is approximately normal whatever the population looks like.
≈ 35 min