[Solved] Consider a population of five weights identical in appearance but weighing 1, 3, 5, 7, and 9 ounces. Determine the mean and the variance of the population.

Question: Consider a population of five weights identical in appearance but weighing 1, 3, 5, 7, and 9 ounces.

Determine the mean and the variance of the population.
Sampling without replacement from the above population with a sample size of 2 produces ten possible samples. Using the ten sample mean values, determine the mean of the population and the variance of $\bar{X}$
Compute the standard error of the mean.

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[Solved] Consider a population of five weights identical in appearance but weighing 1, 3, 5, 7, and 9 ounces. Determine the mean and the variance of the population.

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