Black Friday - the annual shopping tradition the day after Thanksgiving - is often the day...
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Black Friday - the annual shopping tradition the day after Thanksgiving - is often the day which puts retailers "in the black." According to a CNN Money report, consumers spent an average of $382.62 on Black Friday in 2010 with a standard deviation of $214.41. Draw and label a normal curve which would be used to describe the Black Friday expenditures. Based on the values calculated, would it be reasonable to assume the money spent is normally distributed? Yes or no? Completely describe the sampling distribution of the sample mean Black Friday expenditure when samples of size 97 are selected. = == Given that the sampling distribution will be normally distributed, what is the probability of observing a sample mean of $432.579 or more? Z = probability = Black Friday - the annual shopping tradition the day after Thanksgiving - is often the day which puts retailers "in the black." According to a CNN Money report, consumers spent an average of $382.62 on Black Friday in 2010 with a standard deviation of $214.41. Draw and label a normal curve which would be used to describe the Black Friday expenditures. Based on the values calculated, would it be reasonable to assume the money spent is normally distributed? Yes or no? Completely describe the sampling distribution of the sample mean Black Friday expenditure when samples of size 97 are selected. = == Given that the sampling distribution will be normally distributed, what is the probability of observing a sample mean of $432.579 or more? Z = probability =
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