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If a sample of 40 teams is selected at random from the population, the expected mean is $750 and the standard deviation is $29.25
The mean of the cost of joining a team = $750
Standard deviation = $185
A sample of 40 teams is selected at random from the population
The expected standard deviation = [tex]\sqrt{\frac{185^2}{40} }[/tex]
= $29.25
Here the cost of joining a team is normally distributed with a mean of $750
Here the distribution of the cost of joining is normal the mean of the sample distribution, so it will be equal to the mean of the population
The mean = $750
Therefore, the standard deviation is $29.25 and the mean is $750
Learn more about standard deviation here
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