The Average Annual Health Care Cost in a Random Sample

question 37

Multiple Choice

The average annual health care cost in a random sample of 600 U.S.adults is $8562.If the standard deviation for health care costs in the population is $1230, compute the standard error of the sampling distribution of the sample mean.

• A)43.3
• B)50.2
• C)56.7
• D)45.9
• E)58.4

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Definitions:

Intent

Intent signifies the purpose or goal that an individual or entity aims to achieve through their actions or decisions.

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Shared expectations and rules that guide behavior of people within social groups, defining acceptable actions within a society or group.