Ask Question
Today, 05:23

The WPC Sports Company has noted that the size of individual "customer order" is normally distributed with a mean of $100 and standard deviation of $12. If a soccer team of 16 players were to make the next batch of orders, what would be the standard error of the mean?

+2
Answers (1)
  1. Today, 05:42
    0
    Standard error of the mean = 3

    Explanation:

    Given:

    Mean Distribution = $100

    Standard deviation = $12

    Total number of player = 16 player

    Standard error of the mean = ?

    Computation of standard error of the mean:

    Standard error of the mean = Standard deviation / √ Total number of player

    Standard error of the mean = 12 / √16

    Standard error of the mean = 12 / 4

    Standard error of the mean = 3
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The WPC Sports Company has noted that the size of individual "customer order" is normally distributed with a mean of $100 and standard ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers