Assume that annual incomes for certain workers are normal, with a mean of $28,500 and standard deviation of $2,400. What is the chance that 36 randomly selected employees earn more than $30,000 on average? Use a sampling distribution of sample means to calculate the standard error
Assume that annual incomes for certain workers are normal, with a mean of $28,500 and standard deviation of $2,400. What is the chance that 36 randomly selected employees earn more than $30,000 on average? Use a sampling distribution of sample means to calculate the standard error
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 1GP
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Assume that annual incomes for certain workers are normal, with a mean of $28,500 and standard deviation of $2,400. What is the chance that 36 randomly selected employees earn more than $30,000 on average? Use a sampling distribution of sample means to calculate the standard error.
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