What is sampling distribution in business statistics?
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A sampling distribution is a probability distribution of a statistic obtained through a large number of samples drawn from a specific population. The sampling distribution of a given population is the distribution of frequencies of a range of different outcomes that could possibly occur for a statistic of a population.
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A sampling distribution is where you take a population (N), and find a statistic from that population. The “standard deviation of the sampling distribution of the proportion” means that in this case, you would calculate the standard deviation. This is repeated for all possible samples from the population.
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