Basic Statistics Timed Question 2. Need in 50 Minutes!

FratBro23
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Statistics
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Question description

Question 2

A commodity trader who usually makes around 25 transactions per week obtained the following graph showing the average transaction size in $1000 for each of the last 20 weeks. Each dot represents the weekly average (in $1000) of about 25 transactions.


By examining the graph, would you estimate the standard error for the weekly average of transaction sizes to be closest to $2,000, $20,000, or $50,000?

$20,000

$2,000

$50,000


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(Top Tutor) Daniel C.
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School: UCLA
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