A recent study by the Greater Los Angeles Taxi Drivers Association showed that the mean fare charged

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A recent study by the Greater Los Angeles Taxi Drivers Association showed that the mean fare charged for service from Hermosa Beach to Los Angeles International Airport is $21 and the standard deviation is $3.50. We select a sample of 15 fares.

a. What is the likelihood that the sample mean is between $20 and $23?

b. What must you assume to make the above calculation?

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Statistical Techniques in Business and Economics

ISBN: 978-0078020520

16th edition

Authors: Douglas Lind, William Marchal

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Question Posted: Dec 10, 2014 07:47 AM

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A recent study by the Greater Los Angeles Taxi Drivers Association showed that the mean fare charged

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a and So probability is 08529 found by 036...View the full answer

Statistical Techniques in Business and Economics

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