Suppose that we will randomly select a sample of 64 measurements from a population having a mean

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Suppose that we will randomly select a sample of 64 measurements from a population having a mean equal to 20 and a standard deviation equal to 4.
a. Describe the shape of the sampling distribution of the sample mean . Do we need to make am assumptions about the shape of the population? Why or why not?
b. Find the mean and the standard deviation of the sampling distribution of the sample mean x.
c. Calculate the probability that we will obtain a sample mean greater than 21; that is, calculate P(> 21).
d. Calculate the probability that we will obtain a sample mean less than 19.385; that is, calculate P( < 19.385). 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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Business Statistics In Practice

ISBN: 9780073401836

6th Edition

Authors: Bruce Bowerman, Richard O'Connell

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