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Calculate the standard error of the mean

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Reference no: EM132848750

A college has 230 ?full-time employees that are currently covered under the? school's health care plan. The average? out-of-pocket cost for the employees on the plan is ?$1,850 with a standard deviation of ?$520. The college is performing an audit of its health care plan and has randomly selected 35 employees to analyze their? out-of-pocket costs.

a. Calculate the standard error of the mean.

Reference no: EM132848750

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