Assume that the standard deviation of monthly rents paid by students in a particular town is $40. A random sample of 100 students was taken to estimate the mean monthly rent paid by the whole student population. a. What is the standard error of the sample mean monthly rent? b. What is the probability that the sample mean exceeds the population mean by more than $5? c. What is the probability that the sample mean is more than $4 below the population mean? d. What is the probability that the sample mean differs from the population mean by more than $3?
Assume that the standard deviation of monthly rents paid by students in a particular town is $40. A random sample of 100 students was taken to estimate the mean monthly rent paid by the whole student population. a. What is the standard error of the sample mean monthly rent? b. What is the probability that the sample mean exceeds the population mean by more than $5? c. What is the probability that the sample mean is more than $4 below the population mean? d. What is the probability that the sample mean differs from the population mean by more than $3?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Assume that the standard deviation of monthly rents paid by students in a particular town is $40. A random sample of 100 students was taken to estimate the
a. What is the standard error of the sample mean monthly rent?
b. What is the
c. What is the probability that the sample mean is more than $4 below the population mean?
d. What is the probability that the sample mean differs from the population mean by more than $3?
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