In the EAI sampling problem (see Figure 7 8), we showed that for n 30, there was 5064 probability of obtaining a sample mean within $500 of the population mean a What is the probability that is within $500 of the population mean if a sample of size 60 is used b Answer part (a) for a sample of size ...

a With a sample of size 60 At 52300 P 52300 Pz 97 8340 At 51300 P 51300 Pz 97 1660 P 51300 523 ...

In the EAI sampling problem (see Figure 7.8), we showed that for n =30, there was .5064

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In the EAI sampling problem (see Figure 7.8), we showed that for n =30, there was .5064 probability of obtaining a sample mean within Â± $500 of the population mean.

a. What is the probability that is within $500 of the population mean if a sample of size 60 is used?

b. Answer part (a) for a sample of size 120.

Figure 7.8

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Essentials Of Modern Business Statistics With Microsoft Excel

ISBN: 9780840062383

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Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

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Question Posted: Jan 03, 2017 09:26 AM

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In the EAI sampling problem (see Figure 7.8), we showed that for n =30, there was .5064

Question:

Sampling distribution of T OF-730.30 P51,300 STS52,300) 51,300 51.800 52,300

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a With a sample of size 60 At 52300 P 52300 Pz 97 8340 At 51300 P 51300 Pz 97 1660 P 51300 523...View the full answer

Essentials Of Modern Business Statistics With Microsoft Excel

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