## Suppose that true average price of a beer at professional sporting events in the US is $6. You attend 34 events and find an average price of

Question

Suppose that true average price of a beer at professional sporting events in the US is $6. You attend 34 events and find an average price of $6.7 and the standard deviation is $0.4. Find the standard error for your sample. Answer to four decimal places.

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Math
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2021-09-15T02:35:56+00:00
2021-09-15T02:35:56+00:00 1 Answer
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## Answers ( )

Answer:The standard error for sample is 0.0686 .Step-by-step explanation:We know that the formula to find the standard error is given by :-

, where s = standard deviation

n= Sample size

As per given , we have

s= $0.4 and n= 34

Then , the standard error for sample is given by :-Hence ,

the standard error for sample is 0.0686 .