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What is the standard error of the mean in this experiment

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Reference no: EM132791264

Question - Nike's annual report says that the average customer buys 6.5 pairs of sports shoes per year. Suppose that the population standard deviation is 2.1 and that a sample of 81 customers will be examined next year.

Required -

a. What is the standard error of the mean in this experiment?

b. What is the probability that the sample mean is between 6 and 7 pairs of sports shoes?

c. What is the likelihood the sample mean is greater than 7 pairs?

Reference no: EM132791264

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