A college has 220 full-time employees that are currently covered under the school's health care plan. The averageout-of-pocket cost for the employees on the plan is $1,880 with a standard deviation of $515. The college is performingan audit of its health care plan and has randomly selected 30 employees to analyze their out-of-pocket costs.a. Calculate the standard error of the mean.b. What is the probability that the sample mean will be less than $1,815?c. What is the probability that the sample mean will be more than $1,850?d. What is the probability that the sample mean will be between $1,900 and $1,940?a. The standard error of the mean is(Round to two decimal places as needed.)b. The probability that the sample mean will be less than 1,815 is(Round to four decimal places as needed.)c. The probability that the sample mean will be more than 1,850 is(Round to four decimal places as needed.)d. The probability that the sample mean will be between 1,900 and 1,940 is(Round to four decimal places as needed.)

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Answered: A college has 220 full-time employees…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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