Question: The time taken by a randomly selected applicant for a mortgage to fill out a certain form has a normal distribution with mean value 10

The time taken by a randomly selected applicant for a mortgage to fill out a certain form has a normal distribution with mean value 10 min and standard deviation 2 min. If five individuals fill out a form on one day and six on another, what is the probability that the sample average amount of time taken on each day is at most 11 min?

Step by Step Solution

3.34 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Individual times are given by X N10 2 For day 1 n 5 and s... View full answer

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

Document Format (1 attachment)

Word file Icon

1172-M-S-D-R-V(1195).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!