Find the indicated probability and interpret the result. From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 651. A random sample of 33 years is selected from this population. What is the probability that the mean gain for the sample was between 500 and 700? Assume o = 1541. The probability is (Round to four decimal places as needed.)
Find the indicated probability and interpret the result. From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 651. A random sample of 33 years is selected from this population. What is the probability that the mean gain for the sample was between 500 and 700? Assume o = 1541. The probability is (Round to four decimal places as needed.)
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 16HP
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Transcribed Image Text:Find the indicated probability and interpret the result.
From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 651. A random sample of 33 years is selected from this population. What is the probability that the mean
gain for the sample was between 500 and 700? Assume o = 1541.
The probability is
(Round to four decimal places as needed.)
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