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THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Each member of a random sample of 20 business economists was asked to predict the rate of inflation for the coming year.Assume that the predictions for the whole population of business economists follow a normal distribution with standard deviation 2%.
-The probability is 0.025 that the sample standard deviation is smaller than what value?
Government Agencies
Organizations established by a government to administer specific functions and services to the public.
Critical Thinkers
Individuals who actively engage in analysis, evaluation, and synthesis of information in order to form a judgment or conclusion.
Beliefs
Acceptance that something exists or is true, especially one without proof.
Critical Thinking
The objective analysis and evaluation of an issue in order to form a judgment.
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