For large samples, the sample sum (_x) has an approximately normal distribution. The mean of the sample

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For large samples, the sample sum (_x) has an approximately normal distribution. The mean of the sample sum is and the standard deviation is. The distribution of savings per account for a savings and loan institution has a mean equal to $750 and a standard deviation equal to $25. For a sample of 50 such accounts, find the probability that the sum in the 50 accounts exceeds $38,000.
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...
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Elementary Statistics

ISBN: 9780538733502

11th Edition

Authors: Robert R. Johnson, Patricia J. Kuby

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