00:01
So we're dealing with old faithful, and we know that the mean time between eruptions is supposed to be 85 minutes with a standard deviation of 21 .25 minutes with an approximate normal distribution.
00:13
And if an individual eruption, the time between is picked, what's the likelihood that that time is more than 95 minutes? and converting that to a z value, taking our 95 minus the mean divided by our standard deviation, gives us a z value of 0 .47, and the area above that is 0 .3192.
00:36
Now, if we take the average of 20 eruptions and take the time between and find the mean, the likelihood that that mean is greater than 95 minutes is now we have to use the standard air for that setting.
00:52
So we'll take that 95 minus the mean and then use this for our standard deviation.
00:58
That gives us a z value of 2 .1 and the area above that is much smaller than the for an individual.
01:07
Increase the sample size to 30 and change this value to 30 for our standard air and our z value gets larger.
01:15
And the area above that becomes smaller.
01:18
So we can see that the effect when we increase the sample, for a particular type of probability that that decreases the sample size.
01:29
So as the sampling distribution has a larger sample size, the probability of a particular event will keep getting smaller...