Mathematics, 27.03.2020 00:39, arielpraczko1

The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain post-baccalaureate students to promote access to postsecondary education. According to the National Postsecondary Student Aid Study conducted by the U. S. Department of Education in 2008, the average Pell grant award for 2007-2008 was $2,600. Assume that the standard deviation in Pell grant awards was $500. If we randomly sample 36 Pell grant recipients and record the mean Pell grant award for the sample, then repeat the sampling process many, many times, what is the mean and standard deviation of the sample means

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The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain po...