Statistics: Informed Decisions Using Data (4th Edition)

Published by Pearson
ISBN 10: 0321757270
ISBN 13: 978-0-32175-727-2

Chapter 8 - Section 8.1 - Assess Your Understanding - Applying the Concepts - Page 413: 33c

Answer

100 is a number large enough so that the sampling distribution of $x ̅$ is approximately normal. It also has $μ_ {x ̅}=-0.05~dollars$ and $σ_{x ̅}=0.576~dollars$

Work Step by Step

$μ_ {x ̅}=μ_X=-0.05$ $σ_{x ̅}=\frac{σ_X}{\sqrt {n}}=\frac{5.76}{\sqrt {100}}=0.576$
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