If you move the decimal point left until it is just to the right of the most-significant digit, the number of places you moved it is the power of ten that your new number is multiplied by.
Then multiplication can proceed in the usual way, taking into account the rules of exponents.
Answer:
Standard error of mean = 689
Step-by-step explanation:
We are given the following information in the question:
Mean, μ = $28,520
Standard Deviation, σ = $5600
Mean of sampling distribution =
As per Central Limit Theorem, if the sample size is large enough, then the sampling distribution of the sample means follow approximately a normal distribution.
Sample size, n = 66
Since the sample size is large, we can use normal distribution for approximation.
Standard error of mean =