SOLUTION: An experiment involves selecting a random sample of 245 middle managers at random for a study. One of the interest is determining their mean annual income. The sample mean is compu

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Question 1176103: An experiment involves selecting a random sample of 245 middle managers at random for a study. One of the interest is determining their mean annual income. The sample mean is computed to be 39053 and the sample standard deviation is 1896. What is the standard error of the mean?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!

Hi
Normal Distribution:    x̄ =  $39,053  and s = $1896  
 n = 245

SE =+1896%2Fsqrt%28245%29 = $121.13 (rounded to nearest cent)

Wish You the Best in your Studies.