A particular automobile costs an average of $17,755 in the Pacific Northwest. The standard deviation of prices
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A particular automobile costs an average of $17,755 in the Pacific Northwest. The standard deviation of prices is $650. Suppose a random sample of 30 dealerships in Washington and Oregon is taken, and their managers are asked what they charge for this automobile. What is the probability of getting a sample average cost of less than $17,500? Assume that only 120 dealerships in the entire Pacific Northwest sell this automobile.
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17755 650 n 30 N 120 P 175...View the full answer
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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