According to R.L. Polk & Co., Americans held onto their new vehicles for an average of 71.4 months. A random sample of 60 adults who recently sold their new vehicle was selected. Assuming the standard deviation for this population is 15.8 months, the standard error for this sample is -------.
A) 2.04
B) 1.30
C) 5.92
D) 3.56
Correct Answer:
Verified
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