In: Statistics and Probability
Armonte and Grayson, of Watch Mi Whip, Watch Mi Quartile! Auto Suppliers, were called in to help assess data on customers that had taken a test drive in the new electric Hoosur Dadi V sports car that had a top speed of 250/mph. Using an σ of 5.5 customers, find
a. The mean of the sample mean and the standard error of the mean when there is a random sample of 81 customers.
b. The mean of the sample mean and the standard error of the mean when there is a random sample of 49 customers.
Solution :
Given that ,
mean = = 250
standard deviation = = 5.5
a
n = 81
sample distribution of sample mean is ,
=
= 250
sampling distribution of standard deviation
= / n = 5.5/ 81=0.61
= 0.61
b
n = 49
sample distribution of sample mean is ,
=
= 250
sampling distribution of standard deviation
= / n = 5.5 / 49
= 0.7857=0.79 rounded