Solution-How does central limit theorem apply to this

How does central limit theorem apply to this problem

Reference no: EM132164438

Suppose the amounts people spend at the grocery store have a mean of $55 and standard deviation of $12. In a random sample of 36 people, find the probability that the average amount spent is more than $61.50. How does central limit theorem apply to this problem?

Reference no: EM132164438

Questions Cloud

Information about the random variables : We have the following information about the random variables X and Y

Assuming a population standard deviation transaction prices : An online used car company sells second-hand cars. For 30 randomly selected transactions, the mean price is 2200 dollars.

Write a function addup that adds up all the numbers : Write a function addup(x, y) that adds up all the numbers between x and y (inclusive), and returns their sum as its result.

Illustrate the distributions involved : a) Use the fo ur steps of hypothesis testing b) Illustrate the distributions involved

How does central limit theorem apply to this problem : In a random sample of 36 people, find the probability that the average amount spent is more than $61.50. How does central limit theorem apply to this problem?

Describe the frame status quo as it relates to your topic : Topic: "Molecular Biology". Your presentation must: Describe the frame's status quo as it relates to your topic. Argue how your final project intervenes

Write a function that will return a true : Write a function that will return a true, if the ransom note can be constructed from the words in the magazines, otherwise it will return a false.

What is her expected profit for a days worth of pies : If Mamma Temte sells her pies for $4 each, what is her expected profit for a days worth of pies? Assume that any leftover pies are given away.

Write a function that takes two arrays of strings : Write a function that takes at least two parameters: a string S, and an array of strings A.

User Account

All Pages

How does central limit theorem apply to this problem

Reference no: EM132164438

Reference no: EM132164438

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT