Answer to Question #231968 in Statistics and Probability for kennedy

Question #231968

Suppose the annual savings (in millions of euros) of a specific household is a random variable,

which follows the normal distribution with mean 𝜇 = 5 and standard deviation 𝜎 = 1. If we take

a random sample of 16 households from the population, what is the probability the sampling

mean to be:

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