The average and standard deviation of the amount of GST paid by all sole trader businesses...

The average and standard deviation of the amount of GST paid by all sole trader businesses in a twelve month period were $7.205 thousand and $2.314 thousand respectively. If a sample of 60 sole trader businesses was chosen, find the sample average value above which only 5% of sample averages would lie. Give your answer in dollars (to the nearest dollar).

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Rahul Sunny answered 1 year ago

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