Standard error of the mean


Bones Brothers & Associates prepare individual tax returns. Over prior years, Bones Brothers has maintained careful records regarding the time to prepare a return. The mean time to prepare a return is 90 minutes and the standard deviation of the distribution is 14 minutes. Suppose 100 returns from this year are selected and analyzed regarding the preparation. What is the standard error of the mean?

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Basic Statistics: Standard error of the mean
Reference No:- TGS0750172

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