Probability that mean of sample is within population mean

Reference no: EM13140307

An auditor knows from past history that the average accounts receivable for a company is 519.75 dollars with a standard deviation of 601.05 dollars. If the auditor takes a simple random sample of 93 accounts, what is the probability that the mean of the sample will be within 110 dollars of the population mean?

Reference no: EM13140307

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