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Published data designates that in 2008 mid-level management travellers spent an average of $381 per day with a standard deviation of $47 when they were in Chicago on business. The accounting firm Ernst as well as Sachs randomly selected a sample of 65 of their accountants who had travelled to Chicago in 2008. Please calculate the probability of getting a sample average of more than $373 per day if Ernst as well as Sachs accountants are generally similar to the national population for which the published data mentioned in the first sentence is available

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9371953

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