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Mathematics, 12.03.2020 03:32 marissastewart533

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 $1350, determine the probability that the mean tariff rate of 400 randomly selected railroad-car shipments of ethanol will be within $100 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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