The mean balance that college students owe on their credit

Reference no: EM13632577

The mean balance that college students owe on their credit cards is $896 with a standard deviation of $104. If all possible random samples of size 169 are taken from this population, determine:

A) The name of the sampling distribution.

B) The mean and standard errorof the sampling distribution of the mean.

C) The percent of sample means that are less than $880.

D) The probability that sample means fall between $884 and $900.

E) Below what sample mean can we expect to find the lowest 20% of all the sample means.

Reference no: EM13632577

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