The manager of a car dealership would like to determine the average years of ownership for a new vehicle. He found that a sample of 25 customers who bought new vehicles owned that vehicle for 7.8 years, with a standard deviation of 2.5 years. What is the standard error for this sample mean?
[list=1][br][*]Identify the given information. [br][/*][*]Determine the standard error of the mean. [br][/*][/list][br]This applet is provided by Walch Education as supplemental material for their mathematics programs. Visit [url=http://www.walch.com/]www.walch.com[/url] for more information.