Standard error for the number of heads
Suppose you flip a fair coin 500 times. What is the standard error for the number of heads you flip?
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Leon plans to save $300 per month towards retirement at the beginning of each month. How much would he have at the end of 40 years, assuming an interest rate of 10%?
A simple random sample of 40 items resulted in a sample mean of 25. The population standard deviation is 5. What is the standard error of the mean (to 2 decimals)?
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