Question 36
HardOriginal questionA city has 3,60,000 households, and their monthly electricity bills have a standard deviation of ₹300. A random sample of 900 households has a mean bill of ₹1,850.
About 95% of sample means lie within standard errors of the population mean. In the electricity-bill survey, how far is that?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
The standard error is ₹10.
rupees.
Worth noting
₹588 uses the ₹300 spread of single bills instead of the standard error.
- Concept
- How far sample means stray
- Typical timeTypical
- 150 s
- Your timeYours
- —
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