A sample of 64 is taken from a large populatio the

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Reference no: EM13612790

A sample of 64 is taken from a large populatio. The population has a mean of $200 and a standard deviation of $20

a) Determine the mean of the sampling distribution of the sample means.

b) Compute the standard error.

c) Determine the range of values within which the sample mean has a 95.44% chance of falling.

d) Determine the probability that the sample mean will fall within $5 of the population mean.

Reference no: EM13612790

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