Probability that the sample mean exceeds the population


Assume that the SD of monthly rent paid by student in a particular town is $40. A random sample of 100 students was taken to estimate the mean monthly rent paid by the whole student population. what is the probability that the sample mean exceeds the population mean by more than %5.

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Basic Statistics: Probability that the sample mean exceeds the population
Reference No:- TGS0123681

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