1. In the first semester of the year 2003, the average return for a group of 251 investing companies was 4.5% and the standard deviation was 1.5%. If a sample of 40 companies is randomly selected from this group, what is the approximate probability that the average return of the companies in this sample was between 4% and 5% in the first semester of the year 2003?
1. In the first semester of the year 2003, the average return for a group of 251 investing companies was 4.5% and the standard deviation was 1.5%. If a sample of 40 companies is randomly selected from this group, what is the approximate probability that the average return of the companies in this sample was between 4% and 5% in the first semester of the year 2003?
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 60CR
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