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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2.
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
6.
average return of the companies in this sample was between 4% and 5% in the first
semester of the year 2003?
08.
6.
Z =
10
n340
11
12
13
14
P( )
15
dec
16
17
3.
4.
7.
Transcribed Image Text:2. 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 6. average return of the companies in this sample was between 4% and 5% in the first semester of the year 2003? 08. 6. Z = 10 n340 11 12 13 14 P( ) 15 dec 16 17 3. 4. 7.
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