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The company Dilmart has 8,000 pieces in inventory. The average dollar value of these pieces is...

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Basic Math

The company Dilmart has 8,000 pieces in inventory. The averagedollar value of these pieces is $ 10.79 with a standard deviationequal to $ 3.34. Suppose the inventory manager selected a randomsample of n = 64 pieces of inventory and found a sample mean equalto $ 11.27. The probability of obtaining a sample mean of at least$ 11.27 is approximately 0.444. Select one: True False

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SolutionGivenMean Standard Deviation Sample Size n 64Sample mean We are given that the    See Answer
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