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In a learning experiment, untrained mice are placed in a maze and the time required for each mouse to exit the maze is recorded. The average time for untrained mice to exit the maze is = 50 seconds and the standard deviation of their times is
= 16 seconds. 64 randomly selected untrained mice are placed in the maze and the time necessary to exit the maze is recorded for each.
Find the mean of the sampling distribution of .
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Find the standard deviation.
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What is the probability that the sample mean differs from the population mean by more than 3?
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Effective Rate
The actual interest rate that an individual earns or pays on an investment, loan, or other financial product, after compounding and other factors are taken into account.
Car Loan
A financial loan specifically used to purchase a car, typically secured by the car itself as collateral.
Periodic Rate
The interest rate applied to a financial loan or savings account that is compounded at regular intervals over a period of time.
Effective Rate
The actual interest rate an individual pays on a loan or earns on an investment, after compounding and other charges are factored in.
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