Question: Use the information about the mean cost and standard deviation cost of Arabica coffee to address the following. Provide as much details as possible using
Use the information about the mean cost and standard deviation cost of Arabica coffee to address the following. Provide as much details as possible using the z formulas and tables discussed in the class lecture from section 6.4 (2/28/24). 4pts If one bag of arabica coffee is randomly selected, find the probability that its cost is more than $3.50/kg. 2pts Can we apply the central limit theorem to this data if 50 bags were selected? Explain. 4pts If 50 bags were randomly selected, find the probability that their mean cost is more than $3.50/kg. Choose a submission type
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