Question: Elementary Statistics - Central Limit Theorem Worksheet The average cost of college for one year is $26,489 with a standard deviation of $3204. If 36

 Elementary Statistics - Central Limit Theorem Worksheet The average cost of

college for one year is $26,489 with a standard deviation of $3204.

Elementary Statistics - Central Limit Theorem Worksheet The average cost of college for one year is $26,489 with a standard deviation of $3204. If 36 colleges are selected at random, find the following probabilities. 1. Find the probability that the sample mean cost for the 36 schools is less than $25,000. 2. Find the probability that the sample mean cost for the 36 schools is more than $26,000. 3. Find the probability that the sample mean cost for the 36 schools is between $24,000 an $26,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!