When sampling is from a population with standard deviation = 55, using a sample of size

Question:

When sampling is from a population with standard deviation σ = 55, using a sample of size n = 150, what is the probability that will be at least 8 units away from the population mean µ?

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

Step by Step Answer:

Related Book For book-img-for-question

Complete Business Statistics

ISBN: 9780077239695

7th Edition

Authors: Amir Aczel, Jayavel Sounderpandian

See More Books

Question Posted: Jun 03, 2015 05:51 AM

See More Questions

When sampling is from a population with mean 53 and standard deviation 10, using a sample of size 400, what are the expected value and the standard deviation of the sample mean?
A random sample is selected from a population with mean m = 100 and standard deviation s = 10. Determine the mean and standard deviation of the x sampling distribution for each of the following...
A random sample is selected from a population with mean = 100 and standard deviation = 10. Determine the mean and standard deviation of the sampling distribution for each of the following sample...
Provide the appropriate statute for your answer (format style - IRAC - Issue, Rule, Application and Conclusion.) what are your thought? Problem Scenario- Earnest is married to Janice. Earnest and...
Acme, Inc., supplies rocket ships to the retail market and hires workers to assemble the components. A rocket ship sells for $30,000, and Acme can buy the components for each rocket ship for $25,000....
Matsumoto Training Academies is a sole proprietorship. To start the business, the owner, Mr. Tanaka, contributed $500,000 cash. During the year the owner withdrew $30,000 cash. Net income for the...
Given the Irwin-Hall distribution with pdf, \[f_{Y}(y)=\frac{1}{2(n-1) !} \sum_{k=0}^{n}(-1)^{k}\left(\begin{array}{l}n \\k\end{array} ight)(y-k)^{n-1} \operatorname{sign}(y-k)\] where the sign...
In this chapter, you learned about the importance of testing. Design a generic test plan that describes the testing for an imaginary system.
As part of the marketing team for a new ice cream manufacturer, develop a consumer sales promotion and trade sales promotion plan for your product. Use at least two consumer sales promotion and two...
You have just borrowed $100,000 to buy a condo. You will repay the loan in equal monthly payments of $804.62 over the next 30 years. a. What monthly interest rate are you paying on the loan? What is...
If the population mean is 1,247, the population variance is 10,000, and the sample size is 100, what is the probability that x will be less than 1,230?
An auditor selected a random sample of 12 accounts from all accounts receivable of a given firm. The amounts of the accounts, in dollars, are as follows: 87.50, 123.10, 45.30, 52.22, 213.00, 155.00,...
Now calculate the corporate value. Assume you have just been hired as a business manager of PizzaPalace, a regional pizza restaurant chain. The companys EBIT was $50 million last year and is not...
You have $$9800$ to invest. You decide to invest $$19,000$ in Google and short sell $$9200$ worth of Yahoo! Googles expected return is 14% with a volatility of 27% and Yahoo!s expected return...
Harrison Holdings, Inc. (HHI) is publicly traded, with a current share price of $$30$ per share. HHI has 23 million shares outstanding, as well as $$70$ million in debt. The founder of HHI, Harry...
You are a consultant who was hired to evaluate a new product line for Markum Enterprises. The upfront investment required to launch the product line is $13 million. The product will generate free...
Zymase is a biotechnology start-up firm. Researchers at Zymase must choose one of three different research strategies. The payoffs (after-tax) and their likelihood for each strategy are shown below....
Natsam Corporation has $$250$ million of excess cash. The firm has no debt and 350 million shares outstanding, with a current market price of $$20$ per share. Natsams board has decided to pay out...
A sample of eight orthopedic patients on your unit includes two patients on intravenous anticoagulants, four patients on oral anticoagulants, and two patients on subcutaneous anticoagulants. Hip...
An item of depreciable machinery was acquired on 1 July 2009 for $120,000 by cash It is expected to have a useful life of 10 years and zero salvage value On 1 July 2012, it was decided to revalue the...
Find the population mean or sample mean as indicated. Population:3, 6,10,12, 14
Find the population mean or sample mean as indicated. Population: 1, 19,25, 15,12, 16, 28,13, 6
For Super Bowl XLIV, CBS television sold 55 ad slots for a total revenue of roughly $165.5 million. What was the mean price. per ad slot? Find the population mean or sample mean as indicated.
Igloo Inc. acquires Jagged Enterprises for $15 million in an acquisition reported as a merger. Jagged's recorded identifiable assets have a book value of $10 million and a fair value of $2 million....
SUNBEAM COMPLETES RECORD YEAR FOR SALES, EARNINGS & GLOBAL EXPANSION DELRAY BEACH, FLORIDA JANUARY 28, 1998 - Sunbeam Corporation (NYSE:SOC) today announced record sales and earnings for its fourth...
Ellie is a server in a restaurant. She earns most of her pay through tips from customers. Some tips are paid in cash and some are paid via credit card. What will Ellie's employer do? Group of answer...

When sampling is from a population with standard deviation = 55, using a sample of size

Question:

Step by Step Answer:

P 1 P Xbar 8 1 P8 X...View the full answer

Complete Business Statistics

Students also viewed these Statistics questions