Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I did some googling and research to decide where I was going to research the mean income per person. I started with the United States

I did some googling and research to decide where I was going to research the mean income per person. I started with the United States as a whole--The mean income per person in the united states is $44,500. The distribution of incomes follows a normal distribution. A random sample of 16 residents of Wilmington, Delaware,had a mean of $52,500 with a standard deviation of $9,500.

Where did the standard deviation come from?

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_2

Step: 3

blur-text-image_3

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

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

11th Edition

9780132997621, 132149117, 132997622, 978-0132149112

Students also viewed these Mathematics questions