You Conduct A Random Survey Of A Representative Sample Of 150 College Students On Your Campus And Ind The Mean Amount Of Money In A Students Bank Account Is $241 With A Standard Deviation Of $16 53 Complete Parts (A) Through (B) Below SD A) Compute The Standard Error Using The Formula From The Defration Of The Standard Error Of The Mean, SEs N Where N Is The

 

 

 

You conduct a random survey of a representative sample of 150 college students on your campus and find the mean amount of money in a student's bank account is $241 with a standard deviation of $16.53. Complete parts (a) through (b) below (a) Compute the standard error using the formula from the definition of the standard error of the mean, SE SD N where N is the number of values in the sample. $1.35 (Round to the nearest cent as needed) (b) Complete the following sentence 1 There is a 99.7% probability that the average amount of money in a student's back account on your campus is $[241] $. which gives the interval from $191.41 to $290.59 (Round to the nearest cent as needed.) *