What is the standard error of the mean

Reference no: EM13131392

A nation-wide (U.S.) donut chain determined that its stores sells an average of 256 donuts per day with a standard deviation of 36 donuts. If a sample of 16 stores results in a sample average of 249 donuts what is the standard error of the mean?

Reference no: EM13131392

Questions Cloud

Explain what is meant by the test data approach : Explain what is meant by the test data approach. What are the major difficulties with using this approach? Define parallel simulation with audit software and provide an example of how it can be used to test a client's payroll system.

Explain balance sheet presentation of the fair value : Explain balance sheet presentation of the fair value adjustment for Perry’s short-term investment.

Grammar and flow of paper to best answer : grammar and flow of paper to best answer the health policy assignment. I am going to upload the directions. Also if possible some text can be googled to add the best reference as well as check the latest statistics to replace some old ones. Th paper ..

What major factors permitted the embezzlement to take place : Frank James, a highly competent employee of Brinkwater Sales Corporation, had been responsible for accounting-related matters for two decades. His devotion to the firm and his duties had always been exceptional, and over the years, he had been giv..

What is the standard error of the mean : A standard deviation of 36 donuts. If a sample of 16 stores results in a sample average of 249 donuts what is the standard error of the mean?

Prepare an adjusting entry to record the year end fair value : Prepare an adjusting entry, if necessary, to record the year-end fair values adjusting for the portfolio of short-term investment in available –for-sale securities.

Auditing-professional standards : In auditing a privately held entity, an auditor must follow the professional standards established by all of the following except:

The imidazole ring system has a great deal of aromatic : Important information about Imidazole. The imidazole ring system has a great deal of aromatic character. Can you formulate two resonance structures that account for the characteristics?

How much interest expense will be recorded for the period : On November 1, 2015, Archangel Services issued $200,000 of 10-year bonds with a stated rate of 3%. The bonds were sold at discount for $191,000, and make semiannual payments on April 30 and October 31.

User Account

All Pages