Answer:
$53.07
Step-by-step explanation:
49.95x6.25%=3.12
49.95+3.12=53.07
Answer:
The standard deviation of the sample mean is 4 minutes
Step-by-step explanation:
The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean
and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
In this problem, we have that:
The standard deviation of the population is 32.
Sample of 64.
So

The standard deviation of the sample mean is 4 minutes
The answer is B.
....................................