Answer:
Step-by-step explanation:
We know that mean and standard deviation of sampling distribution is given by :-
, where = population mean
=Population standard deviation.
n= sample size .
In the given situation, we have
n= 2
Then, the expected mean and the standard deviation of the sampling distribution will be :_
[Rounded to the nearest whole number]
Hence, the the expected mean and the standard deviation of the sampling distribution :
Answer:
Step-by-step explanation:
Sample size = 95
X=cash carried by the persons
x bar = 8.00
s = sample std dev = 2.50
Std error =
Hence Z score would be
-0.00
b)
c) 95% conf interval margin of error = ±
=±0.54782
Confi interval = (8-0.5027, 8+0.5027)
= (7.4923, 8.5027)
C)If conf level increases, then width of interval would increase since critical value would increase.
If sample size increases std error would decrease and hence margin of error.
So interval would decrease.
There is 75% decrease.
Step-by-step explanation:
Given,
Old value = 688 qt
New value = 172 qt
Change = New value - Old value
Change = 172 - 688
Change = -516 qt
The negative sign indicates decrease.
Decrease percent =
Decrease percent =
Decrease percent =
Decrease percent = 75%
There is 75% decrease.
Keywords: division, subtraction
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