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Data About the Price of a Round-Trip Ticket Atlanta-Barcelona, Suggests xˉ \bar{x}

Question 14

Essay

Data about the price of a round-trip ticket Atlanta-Barcelona, suggests that a plausible model, for X = price, is a population distribution having mean μ= $689.61 and standard deviation σ =$34.29.

A) Calculate the expected value of xˉ \bar{x} for a random sample of size 66.
B) Calculate the standard deviation of xˉ \bar{x} for a random sample of size 66.

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Part A: $6...

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