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Probability of obtaining a sample mean

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Reference no: EM132340636

In the EAI sampling problem, the population mean is $51,800 and the population standard deviation is $4,000. When the sample size is n = 20, there is a 0.4977 probability of obtaining a sample mean within +/- $600 of the population mean. Use z-table.

Reference no: EM132340636

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