Learn by Doing – Using the Sampling Distribution of x-bar

Published: February 12th, 2013

Category: Activity 1: Learn By Doing

Recall our earlier scenario: The Federal Pell Grant Program provides need-based grants to low-income undergraduate and certain postbaccalaureate 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 grants awards was $500.