The latest available data showed health expenditures were $10,739 per person in the United States, or 17.9% of GDP in 2017 . Use $10,739 as the population mean and suppose a survey research fi rm will take a sample of 100 people to investigate the nature of their health expenditures. Assume the population standard deviation is $2500. 1) Sketch the sampling distribution of the mean amount of health care expenditures for a sample of 100 people. 2) What is the probability that the sample mean will be greater than $12,000? If the survey research fi rm reports a sample mean greater than $12,000, would you question whether the fi rm followed correct sampling procedures? Why or why not?
The latest available data showed health expenditures were $10,739 per person in the United States, or 17.9% of GDP in 2017 . Use $10,739
as the population
1) Sketch the sampling distribution of the mean amount of health care expenditures for a sample of 100 people.
2) What is the
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