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Sagot :
The mean of the distribution sample is 0.62 and the standard error of the distribution sample is 0.069
What is Mean ?
Mean is the study of central tendency of a data set. The average value of the data points is the mean.
It is given that
The probability that the students have the student loan is = 62% = 0.62
The probability that the students do not have student loan is
1 - p
= 1 - 0.62
= 0.38
Total number of students is
n = 50
1) [tex]\rm \mu \;\hat p[/tex] = p = 0.62
2) [tex]\rm \sigma\hat p[/tex] = [tex]\rm \sqrt {p ( 1 - p ) / n}[/tex]
= [tex]\rm \sqrt {(0.62 * 0.38) / 50}[/tex]
= 0.069
Therefore the mean of the distribution sample is 0.62 and the standard error of the distribution sample is 0.069.
To know more about Probability
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