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Records maintained by the office of budget in a particular state indicate that the amount of time elapsed between the submission of travel vouchers and the final reimbursement of funds has approximately a normal mean of 39 days and a population standard deviation of 12 days. A sample of 16 vouchers was pulled at random.

  • What is the standard error of the sampling distribution?
  • What is the probability that the sample mean will be less than 31 days for reimbursement?
  • What is the probability that the sample mean will indicate between 35 and 45 days for reimbursement?
  • What is the probability that the sample mean will indicate more than 46 days for reimbursement?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M91980984
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