The following data are from a simple random sample (The population is infinite): Data were collected on the amount spent by 130 customers for lunch at a major Houston restaurant. Based upon past studies the population variance is known with 256. Sample Mean: $21.5 Find the standard error of the mean. If needed round your intermediate calculations to no more than 2 decimal places. Round your final answer to 2 decimal places.

Question

07-05-2021
Mathematics

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The following data are from a simple random sample (The population is infinite): Data were collected on the amount spent by 130 customers for lunch at a major Houston restaurant. Based upon past studies the population variance is known with 256. Sample Mean: $21.5 Find the standard error of the mean. If needed round your intermediate calculations to no more than 2 decimal places. Round your final answer to 2 decimal places.

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