Estimate the sampling distribution of the sample mean

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Population Mean airfare from Chicago to NY is $250 with a standard deviation of $40, and the airline Price is normally distributed.

  • Estimate the Sampling distribution of the Sample Mean for 25 days on the airline Price.
  • Compute the sampling error for the airline price.Statistical Sampling for 25 days, the sample mean is $200.
  • Estimate the Probability that the sample mean is greater than population mean.

Reference no: EM132474345

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