Find the indicated probability and interpret the result. From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 653. A random sample of 34 years is selected from this population. What is the probability that the mean gain for the sample was between 500 and 700? Assume σ = 1540. The probability is 2904. (Round to four decimal places as needed.) Interpret the result. Select the correct choice and fill in the answer box to complete your choice. (Round to two decimal places as needed.) A. About OB. About OC. About OD. About % of samples of 34 years will have an annual mean gain between 500 and 653. I % of samples of 34 years will have an annual mean gain between 500 and 700. % of samples of 46 years will have an annual mean gain between 500 and 700. % of samples of 34 years will have an annual mean gain between 653 and 700.

Find the indicated probability and interpret the result. From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 653. A random sample of 34 years is selected from this population. What is the probability that the mean gain for the sample was between 500 and 700? Assume σ = 1540. The probability is 2904. (Round to four decimal places as needed.) Interpret the result. Select the correct choice and fill in the answer box to complete your choice. (Round to two decimal places as needed.) A. About OB. About OC. About OD. About % of samples of 34 years will have an annual mean gain between 500 and 653. I % of samples of 34 years will have an annual mean gain between 500 and 700. % of samples of 46 years will have an annual mean gain between 500 and 700. % of samples of 34 years will have an annual mean gain between 653 and 700.

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter8: Sequences, Series,and Probability

Section: Chapter Questions

Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...

See similar textbooks