Suppose a random sample of n = 118 measurements is selected from a population with mean μ = 26 and standard deviation σ = 3. Find the value of the standard error rounded to one decimal place.
Solution :
Given that ,
mean = = 26
standard deviation = = 3
n = 118
= = 26
= / n = 3/ 118 = 0.3
standard error = = 0.3
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