Answer: The mean of this distribution = 61.95
The standard deviation of this sampling distribution (i.e., the standard error= 0.048
Step-by-step explanation:
Given : Data from the U.S. Department of Education indicates that 59% of business graduate students from private universities had student loans.
i.e. proportion of business graduate students from private universities had student loans : p=0.59
sample size : n=105
Then , the mean of the distribution is given by :-
∴The mean of this distribution = 61.95
Then standard deviation of this sampling distribution is given by :-
∴The standard deviation of this sampling distribution (i.e., the standard error= 0.048