The R. R. Bowker Company collects information on the retail prices of books and publishes its findings
Question:
In 2005, the mean retail price of all history books was $78.01.
Assume that the standard deviation of this year's retail prices of all history books is $7.61. If this year's mean retail price of all history books is the same as the 2005 mean, what percentage of all samples of size 40 of this year's history books have mean retail prices of at least $81.44? State any assumptions that you are making in solving this problem.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The sample size is large enough that the distribution of the sample means will be approxi...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
1+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
