The standard deviation of the sampling distribution of the sample mean for all samples of size 40 is $316.2
Z score is used to determine by how many standard deviations the raw score is above or below the mean. It is given by:
z = (raw score - mean)/standard deviation
Given that mean = $27000, Standard deviation = $2000. For a sample of 40:
Mean = $27000
Standard deviation = 2000/√40 = 316.2
The standard deviation of the sampling distribution of the sample mean for all samples of size 40 is $316.2
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