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Find the sample average value

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Reference no: EM132202171

The average and standard deviation of the amount of Goods and Services tax remitted by performance artists in a twelve month period were $7.76 thousand and $2.171 thousand respectively. If a sample of 87 artists was chosen, find the sample average value above which only 5% of sample averages would lie. Give your answer in dollars (to the nearest dollar).

Reference no: EM132202171

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