An economist wishes to estimate the average family income in a certain population. The population standard deviation

Question:

An economist wishes to estimate the average family income in a certain population. The population standard deviation is known to be $4,500, and the economist uses a random sample of size n = 225. What is the probability that the sample mean will fall within $800 of the population mean?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Complete Business Statistics

ISBN: 9780077239695

7th Edition

Authors: Amir Aczel, Jayavel Sounderpandian

Question Posted: