A random sample of 100,000 credit sales in a department store showed an average sale of $81.25. From past data, it is known that the standard deviation of the population is $10.00. Determine the standard error of the mean. O 0.0001 O 0.0100 O 0.0316 O 10.00 o o 0o

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.3: Special Probability Density Functions
Problem 8E
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A random sample of 100,000 credit sales in a department store showed an average sale of $81.25. From past data, it is known that the standard deviation of the population is $10.00. Determine the standard error
of the mean.
O 0.0001
O 0.0100
O 0.0316
O 10.00
Transcribed Image Text:A random sample of 100,000 credit sales in a department store showed an average sale of $81.25. From past data, it is known that the standard deviation of the population is $10.00. Determine the standard error of the mean. O 0.0001 O 0.0100 O 0.0316 O 10.00
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