a. What is the probability that is within $500 of the population mean if a sample of size 60 is used (to 4 decimals)? b. Answer part (a) for a sample of size 120 (to 4 decimals).

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.CR: Chapter 13 Review
Problem 48CR
icon
Related questions
Question
In the EAI sampling problem, the population mean is $71,200 and the population standard deviation is $5000. For n = 30, there is a 0.4176 probability of obtaining a sample
mean within £$500 of the population mean. Use z-table.
a. What is the probability that is within $500 of the population mean if a sample of size 60 is used (to 4 decimals)?
b. Answer part (a) for a sample of size 120 (to 4 decimals).
Transcribed Image Text:In the EAI sampling problem, the population mean is $71,200 and the population standard deviation is $5000. For n = 30, there is a 0.4176 probability of obtaining a sample mean within £$500 of the population mean. Use z-table. a. What is the probability that is within $500 of the population mean if a sample of size 60 is used (to 4 decimals)? b. Answer part (a) for a sample of size 120 (to 4 decimals).
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 15 images

Blurred answer
Recommended textbooks for you
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill