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Andru [333]
4 years ago
8

Suppose a population has a mean of 7 for some characteristic of interest and a standard deviation of 9.6. A sample is drawn from

this population of size 64. What is the standard error of the mean?
Business
1 answer:
OLEGan [10]4 years ago
4 0

Answer:

1.2

Explanation:

The formula to compute the standard error of the mean is shown below:

Standard error formula equals to

=\frac{standard\ deviation}{\sqrt{Population\ size}}

=\frac{9.6}{\sqrt{64}}

=\frac{9.6}{8}

= 1.2

It shows the relationship between the standard deviation and the population size. The population mean is ignored while computing the standard error

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When preparing the financial analysis for a business plan, the required statements and schedules will depend on the:
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Complete Question:

When preparing the financial analysis for a business plan, the required statements and schedules will depend on the:

Group of answer choices

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Answer:

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