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22 March, 12:00

The distribution of the amount of money in savings accounts for florida residents has an average of 2,200 dollars and a standard deviation of 900 dollars. suppose that we take a random sample of 100 florida residents and ask them how much they have in their savings account. the sampling distribution of the sample mean amount of money in a savings account is

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  1. 22 March, 12:22
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    The sampling distribution of the sample mean amount of money in a savings account is:

    approximately Normal, with a mean of 2200 and a standard error of 900 because they don't give you enough information in the problem. The problem states the Sx of 900 dollars and the mean to be 2200 dollars. They don't give you the random sample number.
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