Question
Assume that the standard deviation of monthly rents paid by students in a particular town is $40. A random sample of 100 students was taken
Assume that the standard deviation of monthly rents paid by students in a particular town is $40. A random sample of 100 students was taken to estimate the mean monthly rent paid by the whole student population.
Question : What is the probability that the sample mean differs from the population mean by more than $3?
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
