ClearBags is an online company that sells packaging materials for photographers. Suppose their average order size is $208.19 with a standard deviation of $53.44. A random sample of 35 customer orders has been selected. The standard error of the mean for this sample is __________.

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Quizplus · Accepted Answer

The standard error of the mean (SEM) is calculated using the formula SEM = σ / √n, where σ is the standard deviation of the population and n is the sample size. Here, σ = $53.44 and n = 35. Plugging these values into the formula gives SEM = 53.44 / √35 ≈ $9.03.

ClearBags Is an Online Company That Sells Packaging Materials for Photographers