According to U.S. News & World Report's publication America's Best Colleges, the average cost to attend the University of Southern California (USC) after deducting grants based on need is 28,700 . Assume the population standard deviation is 8,500. Suppose that a random sample of 50 USC students will be taken from this population. Use z-table. What is the value of the standard error of the mean? (to nearest whole number)What is the probability that the sample mean will be more than 28,700? (to 2 decimals)What is the probability that the sample mean will be within 1500 of the population mean? (to 4 decimals)How would the probability in part (c) change if the sample size were increased to 150? (to 4 decimals)

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Answered: According to U.S. News & World Report's…

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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According to U.S. News & World Report's publication America's Best Colleges, the average cost to attend the University of Southern California (USC) after deducting grants based on need is 28,700 . Assume the population standard deviation is 8,500. Suppose that a random sample of 50 USC students will be taken from this population. Use z-table.

What is the value of the standard error of the mean?

(to nearest whole number)

What is the probability that the sample mean will be more than 28,700?

(to 2 decimals)

What is the probability that the sample mean will be within 1500 of the population mean?

(to 4 decimals)

How would the probability in part (c) change if the sample size were increased to 150?

(to 4 decimals)

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