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In the EAI sampling problem, the population mean is $71,500 and the population standard deviation is $5000. For n = 20, there is a
In the EAI sampling problem, the population mean is $71,500 and the population standard deviation is $5000. For n = 20, there is a 0.4108 probability of obtaining a sample mean within +$600 of the population mean. Use z-table. a. What is the probability that is within $600 of the population mean if a sample of size 40 is used (to 4 decimals)? b. Answer part (a) for a sample of size 80 (to 4 decimals).
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Get StartedRecommended Textbook for
Statistics For Business And Economics
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
11th Edition
978-0324783254, 324783256, 978-0324783247, 324783248, 978-0538481649
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