A population is normally distributed, with a mean of 23.45 and a standard deviation of 3.8.What is
Question:
A population is normally distributed, with a mean of 23.45 and a standard deviation of 3.8.What is the probability of each of the following?
a. Taking a sample of size 10 and obtaining a sample mean of 22 or more
b. Taking a sample of size 4 and getting a sample mean of more than 26.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 36% (11 reviews)
2345 s 38 a From Table A5 prob ...View the full answer
Answered By
Ashok Kumar Malhotra
Chartered Accountant - Accounting and Management Accounting for 15 years.
QuickBooks Online - Certified ProAdvisor (Advance - QuickBooks Online for 3 years.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
Question Posted:
Students also viewed these Statistics questions
-
A population is normally distributed with a mean of 56 and a standard deviation of 12. (a) What is the mean of the sampling distribution (M) for this population? (b) If a sample of 36 participants is...
-
A population is normally distributed with a mean of 30 and a standard deviation of 4. (a) What is the mean of the sampling distribution (M) for this population? (b) If a sample of 16 participants is...
-
A population is normally distributed with a mean of 14 and a standard deviation of 1.2. What is the probability of each of the following? (a) Taking a sample of 26 and obtaining a sample mean of 13.7...
-
An analyst predicted the following: 1. Sales of $1,276 million. 2. Core profit margin of 5 percent. 3. Asset turnover of 2.2. 4. Core other operating income and unusual items are zero. The firm's...
-
Respond to the questions in Consumer Insight 2-1.
-
On 4 th May 2022, Tom invested in 200 shares of Grow Crop using the margin trading facility provided by his broker. The broker requires an initial margin of 60% and a maintenance margin of 50%. The...
-
List four ways in which environmental factors may impact upon the statutory audit of companies' financial statements.
-
Accounting for securities available for sale. Events related to Simmons Corporation's investments of temporarily excess cash appear below. The firm classifies these investments as securities...
-
Comparative figures for Apple and Google follow. $ millions Total assets Net sales Current Year $ 338,516 260,174 Apple One Year Prior $ 365,725 265,595 Two Years Prior $ 375,319 229,234 Current Year...
-
A store maintains data on customers, products and purchase records in three tables: CUSTOMER, PRODUCT, PURCHASE. The store manager wants to know which product is on its maximum discount for each...
-
A population has a mean of 50 and a standard deviation of 10.If a random sample of 64 is taken, what is the probability that the sample mean is each of the following? a. Greater than 52 b. Less than...
-
Suppose a random sample of size 36 is drawn from a population with a mean of 278. If 86% of the time the sample mean is less than 280, what is the population standard deviation?
-
SUPERVALU is one of the largest grocery chains in the United States. Its February 28, 2015, statement of cash flows included the following (dollars in millions): REQUIRED: a. Depreciation and...
-
Find the latest release about real GDP on Statistics Canadas website (4th quarter of 2021). Explain how real GDP has changed during the 4th quarter and what factors contributed towards the change....
-
Discuss the Labour Law of Japan and Mexico and decide which one is better location for new modern facility?
-
What are the legal sources that have a major impact on Canadian Employment Practicos ?
-
Assuming markups are based on selling price explain how the portion formula could be used to calculate cost, selling price, dollar markup, and percent markup on cost?
-
Take into consideration Corporate Social Responsibility (CSR), what provisions have the International Labour Law motion to put into consideration to its members? What is the importance OF CSR in our...
-
How would direct subsidies to key industries be preferable to tariffs or quotas?
-
What is the amount of total interest dollars earned on a $5,000 deposit earning 6% for 20 years?
-
The properties of a material which allows it to be drawn into a smaller section is called: (a) Elasticity (b) Plasticity (c) Ductility (d) Malleability
-
A large manufacturer makes valves. Currently it is producing a particular valve for use in industrial engines. As a part of a quality-control effort, the company engineers randomly sample seven...
-
A firm in the upper Midwest manufactures light bulbs. Before the bulbs are released for shipment, a sample of bulbs is selected for inspection. Inspectors look for nonconformances such as scratches,...
-
A soft drink bottling company just ran a long line of 12-ounce soft drink cans filled with cola. A sample of 32 cans is selected by inspectors looking for nonconforming items. Among the things the...
-
ABC Hospital is one of two hospitals in the community. The Hospital offers all major specialty services (e.g. cardiology, neurology, pulmonology, etc.) The Hospital is approached by a cardiologist...
-
You obtained job-related information about the HR assistant position from O*Net. Answer the following sections based on that information. QUESTIONS: The following is the list of questions included in...
-
On January 8, the end of the first weekly pay period of the year, Regis Company's employees earned $27,760 of office salaries and $70,840 of sales salaries. Withholdings from the employees' salaries...
Study smarter with the SolutionInn App