Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A random sample of 18 purchases showed the amounts in the table (in $). The mean is $49.24 and the standard deviation is $18.29 21.35

image text in transcribed
A random sample of 18 purchases showed the amounts in the table (in $). The mean is $49.24 and the standard deviation is $18.29 21.35 21.75 41.80 62.585 a) What is the standard error of the mean? 22.66 42.83 43.14 81.93 b) How would the standard error change if the sample size had been 2 instead of 18? (Assume that the sample standard deviation didn't change.) 64.88 45.38 52.56 72.85 53.18 34.85 36.23 56.78 76.80 54.75 a) The standard error of the mean is 4.31 . (Round to two decimal places as needed.) b) How would the standard error change if the sample size was 2 instead of 18 with the same sample standard deviation? Select the correct choice below and fill in any answer boxes within your choice. O A. The standard error would increase. The new standard error would be times the old. O B. The standard error would decrease. The new standard error would be the old standard error divided by. O C. The standard error would not change

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Continuous Nowhere Differentiable Functions The Monsters Of Analysis

Authors: Marek Jarnicki, Peter Pflug

1st Edition

3319126709, 9783319126708

More Books

Students also viewed these Mathematics questions

Question

=+2. Why does the brand want to advertise?

Answered: 1 week ago