Explore BrainMass
Share

Explore BrainMass

    Central limit theorem

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The average balance for customer accounts in The Reserve Fund at the time it was frozen by the Securities Exchange Commission (SEC) was $22,500, with a standard deviation of $7,500. The SEC overseers want to draw a sample of 100 accounts to help assess the impact of the fund's freeze on the account holders. Precisely (that is, using specific numbers) what does the central limit theorem tell us about the sampling distribution of sample means for samples of this size from this population?

    © BrainMass Inc. brainmass.com October 10, 2019, 4:28 am ad1c9bdddf
    https://brainmass.com/statistics/central-limit-theorem/central-limit-theorem-462672

    Solution Preview

    Statistics Help!
    The average balance for customer accounts in The Reserve Fund at the time it was frozen by the Securities Exchange Commission (SEC) was $22,500, with a ...

    Solution Summary

    The solution deals with application of central limit theorem .

    $2.19