Answer to Question #116172 in Statistics and Probability for adham

Question

Time Remaining 41 minutes 33 seconds00:41:33
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Time Remaining 41 minutes 33 seconds00:41:33
Human Resource Consulting (HRC) surveyed a random sample of 76 Twin Cities construction companies to find information on the costs of their health care plans. One of the items being tracked is the annual deductible that employees must pay. The Minnesota Department of Labor reports that historically the mean deductible amount per employee is $503 with a standard deviation of $115. (Round your z value to 2 decimal places and final answers to 4 decimal places. Leave no cells—blankbe certain to enter "0" if required.)



Compute the standard error of the sample mean for HRC.

Answer 1

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