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One item is filed under this topic.
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The distribution of sample sums |
2008-11-21 |
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From Mark:
For large samples, the sample sum (Σ x) has an approximately normal distribution.
The mean of the sample sum is n*μ and standard deviation is (σ*√n). The distribution of savings per account for savings and loan institution has a mean equal to $750 and a standard deviation equal to $25. For a sample of 50 such accounts, find the probability that the sum in the 50 accounts exceeds $38,000.
Answered by Penny Nom. |
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