Question
The Richards Sports Company has noted that the size of individual customer orders is normally distributed with a mean of $115 and a standard deviation
The Richards Sports Company has noted that the size of individual customer orders is normally distributed with a mean of $115 and a standard deviation of $8. If a soccer team of 11 players were to place the next batch of orders, what is the standard error of the mean to 2 decimal places?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
