For a monopolist, if price is above average total cost, the monopolist is quizlet
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The standard error of the difference of sample means is 0.444
From the complete question, we have the following parameters
<u>Canadians</u>
- Sample size = 50
- Mean = 4.6
- Standard deviation = 2.9
<u>Americans</u>
- Sample size = 60
- Mean = 5.2
- Standard deviation = 1.3
The standard error of a sample is the quotient of the standard deviation and the square root of the sample size.
This is represented as:
The standard error of the Canadian sample is:
So, we have:
The standard error of the American sample is:
So, we have:
The standard error of the difference of sample means is then calculated as:
This gives
Take square roots
Hence, the standard error of the difference of sample means is 0.444
Read more about standard errors at: