Question: Solve the following probability by using the central limit Theorem. The mean undergraduate cost for tuition, fees room and board for four-year institutions was $26,489
Solve the following probability by using the central limit Theorem.
The mean undergraduate cost for tuition, fees room and board for four-year institutions was $26,489 for a recent academic year. Suppose that the population standard deviation equals $3204 and that 36 four-year institutions are randomly selected. Finding the probability that the sample mean cost of these 36 schools is between $24000 and $26000: P(24000 A. Give a rough graph, and shade the desired area B. Convert sample mean value to Z value C. Find the corresponding area for the Z value.
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