Mathematics, 22.04.2020 00:15 ozzy1146
An ethanol railroad tariff is a fee charged for shipments of ethanol on public railroads. An agricultural association publishes tariff rates for railroad-car shipments of ethanol. Assuming that the standard deviation of such tariff rates is $1250, determine the probability that the mean tariff rate of 350 randomly selected railroad-car shipments of ethanol will be within $110 of the mean tariff rate of all railroad-car shipments of ethanol. Interpret your answer in terms of sampling error.
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An ethanol railroad tariff is a fee charged for shipments of ethanol on public railroads. An agricul...
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