A random sample is drawn from a population with mean =66 and standard deviation =5.5.
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A random sample is drawn from a population with mean
µ =66 and standard deviation σ =5.5.
a. Comment on the sampling distribution of the sample mean with n=16 and n=36.
b. Can you use the standard normal distribution to calculate the probability that the sample mean falls between 66 and 68 for both sample sizes?
c. Report the probability if you answered yes to the previous question for either sample size.
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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