The Ransin Sports Company has noted that the size of individual customer orders is normally distributed with a mean of $112 and a standard deviation of $9. If a soccer team of 11 players were to make the next batch of orders, what would be the standard error of the mean?
A) 1.64
B) 2.71
C) 3.67
D) 0.82

Question

Quizplus · Accepted Answer

The standard error of the mean (SEM) is calculated by dividing the standard deviation by the square root of the sample size. Here, SEM = 9 / √11 ≈ 2.71.

The Ransin Sports Company Has Noted That the Size of Individual