In the EAI sampling problem, the population mean is $51,100 and
the population standard deviation is $4,000. When the sample size
is n = 20, there is a 0.4246 probability of obtaining a
sample mean within +/- $500 of the population mean.
a. What is the probability that the sample mean is within $500 of the population mean if a sample of size 40 is used (to 4 decimals)?
b. What is the probability that the sample mean is within $500 of the population mean if a sample of size 80 is used (to 4 decimals)?
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