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HR Consulting surveyed a random sample of 74 Twin Cities construction companies to find information on the costs of their health care plans. One of the items being tracked is the annual deductible that employees must pay. The Minnesota Department of Labor reports that historically the mean deductible amount per employee is $502 with a standard deviation of $120.

Compute the standard error of the sample mean

Reference no: EM131050637

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Find information on the costs : HR Consulting surveyed a random sample of 74 Twin Cities construction companies to find information on the costs of their health care plans. One of the items being tracked is the annual deductible that employees must pay.

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