The mean annual salary for chauffeurs is about $30,800. A random sample of 45 chauffeurs is selected.

Question:

The mean annual salary for chauffeurs is about $30,800. A random sample of 45 chauffeurs is selected. What is the probability that the mean annual salary of the sample is

(a) Less than $30,000 and

(b) More than $34,000?

Assume σ = $5600.

Find the indicated probabilities and interpret the results. If convenient, use technology to find the probabilities.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Elementary Statistics Picturing The World

ISBN: 9780321911216

6th Edition

Authors: Ron Larson, Betsy Farber

See More Books

Question Posted: Nov 24, 2015 06:47 AM

See More Questions

The mean annual salary for environmental compliance specialists is about $66,000. A random sample of 35 specialists is selected from this population. What is the probability that the mean salary of...
An analyst claims that the mean annual salary for advertising account executives in Denver, Colorado, is more than the national mean, $67,800. The annual salaries (in dollars) for a random sample of...
An employment information service claims the mean annual salary for full-time male workers over age 25 and without a high school diploma is $26,000. The annual salaries (in dollars) for a random...
How to respond to this response The effective utilization of data is integral to enhancing efficiency and making informed decisions?
Loren Vranich, a doctor practicing under the corporate name Family Health Care, P. C., entered into a written employment contract to hire Dennis Winkel. The contract provided for an annual salary,...
What is a best practice? Why should auditors learn about best practices?
Two rectangular plates of sizes $L$ and $W$ are facing each other and separated by a distance $H$. Derive an expression for the view factor between these disks. Find the limit if $W$ is...
KC Company began operations when it acquired $30,000 cash from the issue of common stock on January 1, 2011. The cash acquired was immediately used to purchase equipment for $30,000 that had a $5,000...
Affordable Home Purchase Data Maximum allowable monthly housing expenditure (%) 28% of monthly gross income Maximum total affordable monthly debt payments (%) Down payment (%) 36% of monthly gross...
1. What is your assessment of the financial performance of Nelson Nurseries? 2. Do you agree with Christine Barton?s accounts-payable policy? 3. What explains the erosion of the cash balance? 4. What...
The mean value of land and buildings per acre for farms in Colorado is $1170. A random sample of 32 Colorado farms is selected. What is the probability that the mean value of land and buildings per...
The mean annual salary for parole officers is about $50,830. A random sample of 50 parole officers is selected. What is the probability that the mean annual salary of the sample is (a) Less than...
A German company that exports machinery is expecting to receive $$10$ million in three months. The firm converts all its foreign currency receipts into euros. The chief financial officer of the...
Federal Tax Law effect on Individual Tax Payer There are two objectives 1. Analyze tax laws. 2. How does tax law effect the individual tax payer?
On December 7, 2020, Xpeng (XPEV), a Chinese-based electric car maker, filed to raise more money by selling shares to the public. This is called______ and will occur in the _______.
What are the differences between a preparation outline and a speaking outline? Why are these two different types of outlines important in the speech making process?
Encik Khairan is the Managing Director (MD) of Teknologi Bakalalan Resources, an organization dealing with producing greeting cards, and has been with the company for 30 years. The majority of...
SUPPLIERS CAN BE REWARDED WHEN PERFORMANCE MEETS OR EXCEED EXPECTATIONS BY: a. SHARING OF THE COST REDUCTIONS RESULTING FROM SUPPLIER IMPROVEMENTS. b. ALL OF THESE ARE CORRECT c. ENGAGING IN CAPACITY...
In Exercises 1 through 12, use the chain rule to compute the derivative dy/dx and simplify your answer. y || 1 u - ;u= x
What did Lennox gain by integrating their WMS, TMS, and labor management systems?
Determine whether the hypothesis test is left-tailed, right-tailed, or two-tailed. H 0 : 2 = 142 H a : 2 142
Determine whether the hypothesis test is left-tailed, right-tailed, or two-tailed. H 0 : p = 0.25 H a : p 0.25
A tablet manufacturer claims that the mean life of the battery for a certain model of tablet is more than 8 hours. Write the claim as a mathematical statement. State the null and alternative...
Part 1 - Rent Calculation Assume the following for a floor in a multistory office building: total usable area: 62,500 sq ft; Total common area: 4,100 sq ft; total rentable area: 66,600 sq ft; Tenant...
14. Consider the following information on three stocks: Probability of State Rate of Return if State Occurs State of Economy of Economy Stock A Stock B Stock C Boom 0.45 0.55 0.35 0.65 Normal 0.50...
B2 ) Consider the following information on a portfolio of three stocks: State of Economy Probability of State of Economy Boom .15 Stock A Rate of Return .05 Stock B. Rate of Return 21 Stock C Rate of...

The mean annual salary for chauffeurs is about $30,800. A random sample of 45 chauffeurs is selected.

Question:

Step by Step Answer:

a Px 30000 Pz 09583 01690 usi...View the full answer

Elementary Statistics Picturing The World

Students also viewed these Statistics questions