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Vehicle speeds at a certain highway location are normally distributed with a mean of 70 mph and standard deviation of 10 mph. For each of the following questions, fill in the blank with the appropriate speeds. You may apply the Empirical Rule where appropriate.
(Hint: Pay careful attention to whether you are dealing with a distribution of individual observations or a distribution of sample means. The standard deviation that you use will differ for each (i.e., standard deviation versus standard error of the mean).
a. One vehicle is randomly selected; there is about a 68% chance that the vehicle's speed will be between ___and ___.
b. One vehicle is randomly selected; there is about a 99.7% chance that the vehicle's speed will be between ___and ___.
c. The speeds of randomly selected samples of 25 vehicles will be recorded. For samples of vehicles, there is about a 68% chance that a sample's mean speed will be between ___ and ___.
d. The speeds of randomly selected samples of 25 vehicles will be recorded. For samples of vehicles, there is about a 99.7% chance that a sample's mean speed will be between ___ and ___.
Assuming a normal distribution construct a 95% confidence interval estimate for the mean value of all greeting cards in the store's inventory. Suppose there are 2,500 greeting cards in the store's inventory. How are the results in (a) useful in as..
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