Question

He number of years of education of self-employed individuals in the united states has a population mean of 13.6 years and a population standard deviation of 3.0 years. if we survey a random sample of 100 self-employed people to determine the average number of years of education for the sample, what is the standard deviation of the sampling distribution of (the sample mean)

Answer 1

We can solve this problem by using the formula:

s = σ / sqrt(n)

where,

s = standard deviation of the sample

σ = standard deviation of the population = 3 years

n = number of samples = 100

Substituting:

s = 3 years / sqrt (100)

s = 0.3 years (ANSWER)