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(Solved): Suppose that XN(500,100). You're considering taking a simple random sample and calculating the a ...
Suppose that X?N(500,100). You're considering taking a simple random sample and calculating the average of your sample. The Central Limit Theorem tells us that the distribution of all possible sample averages is Normally distributed with a mean of 500. What is its standard deviation, if you took a sample of size n=100 ?