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 $48.82 and the standard deviation is $24.69. 2.41

image text in transcribed
A random sample of 18 purchases showed the amounts in the table (in $). The mean is $48.82 and the standard deviation is $24.69. 2.41 61.51 41.59 22.40% a) What is the standard error of the mean? 81.62 43.38 44.68 44.81 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.) 7.49 84.37 42.27 42.25 72.63 86.46 33.54 54.20 75.74 37.44 (T a) The standard error of the mean is . (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 ll 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

Calculus Early Transcendentals

Authors: Michael Sullivan, Kathleen Miranda

7th Edition

1464144397, 9781464144394

More Books

Students also viewed these Mathematics questions