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For a distribution of sample means constructed by sampling 5 items from a popula

ID: 3229693 • Letter: F

Question

For a distribution of sample means constructed by sampling 5 items from a population of 15, _____ the sample size is 15 the mean of the sample means will be 3 there will be 3,003 possible sample means the standard error will be 1 Bones Brothers & Associates prepare individual tax returns. Over prior years, Bones Brothers has maintained return. The mean time to prepare a return is 90 minutes and the standard deviation of this distribution is 14 m selected and analyzed regarding the preparation time. What is the standard error of the mean?

Explanation / Answer

option C is correct: there will be 3003 possible sample means as choosing 5 item out of 15 has 15C5 =3003 number of ways

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