According to the Gallup Poll, 27% of U.S. adults have high levels of cholesterol. Gallup reports that

Question:

According to the Gallup Poll, 27% of U.S. adults have high levels of cholesterol. Gallup reports that such elevated levels “could be financially devastating to the U.S. healthcare system” and are a major concern to health insurance providers. According to recent studies, cholesterol levels in healthy U.S. adults average about 215 mg/dL with a standard deviation of about 30 mg/dL and are roughly normally distributed. If the cholesterol levels of a sample of 42 healthy U.S. adults is taken,
a) What shape should the sampling distribution of the mean have?
b) What would the mean of the sampling distribution be?
c) What would its standard deviation be?
d) If the sample size were increased to 100, how would your answers to parts a–c change?
Distribution
The 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...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

Question Posted: