The time that a randomly selected individual waits for an elevator in an office building has a uniform distribution over the interval from 0 to 1 minute For this distribution m 5 0 5 and s 5 0 289 a Let x be the sample mean waiting time for a random sample of 16 individuals What are the mean and st...

The time that a randomly selected individual waits for an elevator in an office building has a

Question:

The time that a randomly selected individual waits for an elevator in an office building has a uniform over the interval from 0 to 1 minute. For this m 5 0.5 and s 5 0.289.
a. Let x be the sample mean waiting time for a random sample of 16 individuals. What are the mean and standard deviation of the sampling of x?
b. Answer Part (a) for a random sample of 50 individuals. Draw a picture of a good approximation to the sampling of x when n = 50. 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...