Determining the sample mean


A recent study by Greater Las Angela's taxi drivers association showed that the mean fare charged for service Hermosa Beach to Las Angeles international airport is $21 and the standard deviation is 3.50. We select a sample of 15 fares.

A. what is the likelihood that the sample mean is between 20 and 23?

B. what must you assume to make the above calculation?

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Finance Basics: Determining the sample mean
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