Checking accounts at a certain bank have a mean balance of $664.14 and a standard deviation...
Checking accounts at a certain bank have a mean balance of $664.14 and a standard deviation of $297.29. If a random sample of 34 accounts is selected, describe the sampling distribution of sample means.
μx=
σx=
Homework Answers
Here the mean =664.14
Sigma=297.29
n=34 so the sampling distribution of sample means will be normal by central limit theorem.
Where ux=664.14
Sigmax=297.29/sqrt(34)=50.9848
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