What is 2,520 divided by 16?
2 answers:
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The value of n in given proportion is 16
<u><em>Solution:</em></u>
We have to find the value of "n" in the proportion
<em><u>Given proportion is:</u></em>
<em><u></u></em><em><u></u></em>
We can solve the above proportion by cross-multiplying
Multiply the numerator of the left-hand fraction by the denominator of the right-hand fraction
Multiply the numerator of the right-hand fraction by the denominator of the left-hand fraction
Set the two products equal to each other
Solve for the variable
Thus the value of n in given proportion is 16
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 =