students has an average of 300 dollars and a standard deviation of 1,000. Suppose that we take a random sample of 10 students and ask them how much they have in their savings account. The sampling distribution of the sample mean amount of money in a savings account is
students has an average of 300 dollars and a standard deviation of 1,000. Suppose that we take a random sample of 10 students and ask them how much they have in their savings account. The sampling distribution of the sample mean amount of money in a savings account is
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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The distribution of the amount of money in savings accounts for University of Miami students has an average of 300 dollars and a standard deviation of 1,000. Suppose that we take a random sample of 10 students and ask them how much they have in their savings account. The sampling distribution of the sample
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It is given that the random variable X i.e, the amount of money in savings accounts follow normal distribution with mean 300 dollars and standard deviation 1000 dollars. Here, normal distribution is because it’s talking about the whole units that is all students of University of Miami.
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