An auditor is going to sample 64 charge accounts from the many active accounts at a large department store. Suppose the average balance owed among all the store's accounts is $75 with a standard deviation of $100.
Find the mean of the sampling distribution of 
.
______________
Find the standard deviation.
______________
What is the probability the sample mean of the balances owed among the 64 accounts sampled by the auditor is below $70?
______________
Definitions:
Annuities
Investment instruments offering periodic disbursements, frequently employed for accumulating retirement funds.
Future Values
The value of an asset or cash at a specific date in the future that is equivalent in value to a specified sum today.
Annuities
Financial products that provide a series of payments over time, often used for retirement savings.
Future Values
The value of an asset or cash at a specified date in the future that is equivalent in value to a specified sum today.
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