Historically throughout the United States, families of four spend about $239 a week on groceries and...

Historically throughout the United States, families of four spend about $239 a week on groceries and food with a standard deviation of 50. Assume a random sample of 250 households is taken in the United States.

Q- If an even larger sample of 2500 households was taken and the SD remains the same, what is the new Standard Error of the estimate? Why did this occur?

Expert Solution

Standard error solution.

orchestra answered 1 year ago

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