Problemin the department of education at ur university, Ask an Expert

Finance

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: Explain all steps comprehensively.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91149619

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