Suppose that a random sample of size 64 is to be selected from a population with mean
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a. What are the mean and standard deviation of the sampling distribution? Describe the shape of the sampling distribution.
b. What is the approximate probability that will be within 0.5 of the population mean m?
c. What is the approximate probability that will differ from m by more than 0.7? Additional Exercises (a) The mean of the x sampling distribution is µ x = µ = 40 , and the standard deviation
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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