Use the Central Limit Theorem to find the mean and standard error of the mean of the sampling distribution. Then sketch a graph of the sampling distribution. The mean price of photo printers on a website is $240 with a standard deviation of $60. Random samples of size 35 are drawn from this population and the mean of each sample is determined.
Solution :
Given that,
mean = = 240
standard deviation = = 60
n = 35
The sampling distribution of mean and standard deviation is ,
= 240 and
= / n = 60 / 35 = 10.1419
Use the Central Limit Theorem to find the mean and standard error of the mean of...
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