Determine probability that sample mean cost is less

Reference no: EM13108176

Mean undergraduate cost for tuition, fees, room and board for four-year institutions was $26,489 for recent academic year. Assume that standard deviation is $3,204 and that 36 four-year institutions are arbitarily selected. Determine the probability that sample mean cost for these 36 schools is less than $25,000.

Reference no: EM13108176

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