Standard error of the sample mean


Problem:

In the Department of Education at UR University, student records suggest that the population of students spends an average of 5.5 hours per week playing organized sports. The population's standard deviation is 2.2 hours per week. Based on a sample of 121 students, Healthy Lifestyles Incorporated (HLI) would like to apply the central limit theorem to make various estimates.

Required:

Question 1: Compute the standard error of the sample mean.

Question 2: What is the chance HLI will find a sample mean between 5 and 6 hours?

Question 3: Calculate the probability that the sample mean will be between 5.3 and 5.7 hours.

Note: Please provide equation and explain comprehensively and give step by step solution.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Standard error of the sample mean
Reference No:- TGS0879650

Expected delivery within 24 Hours