Solution-How does central limit theorem apply to this

How does central limit theorem apply to this problem

Reference no: EM132167310

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: EM132167310

Questions Cloud

What are correlations and how do they work : What are correlations and how do they work? What different types of correlations exist?

Significance level using sample statistics : Use a chi X2-test to test the claim sigma squared equals 0.42 at the alpha equals 0.10 significance level using sample statistics s squared equals

Find the probability that you make your : Find the probability that you (a) make your first sale on the fifth call, (b) make your first sale on the first

Use the four steps of hypothesis testing : a) Use the four 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?

What is the value of the appropriate test statistic : Assuming that the population variances are not equal, what is the value of the appropriate test statistic?

Describe the current events : How do you feel that the media perpetuates discrimination and/or stratification based on race, gender, and class?

Find the temperature which is exceeded by the high tempature : Find the temperature which is exceeded by the high tempature 90% of the days in august.

How do you calculate calculate mean : How do you calculate calculate mean, median, and mode for the categories of data, and derive the deviation, variance, and dispersion, and distribution?

User Account

All Pages

How does central limit theorem apply to this problem

Reference no: EM132167310

Reference no: EM132167310

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

What is the probability that the student gets

The performance of quality inspectors affects both the

Discuss the parameter of interest

Three doors on the stage

Find the utilization rate of the service system

According to most estimates 10 of the people in the general

Probability of rolling two dices

Estimate the true percentage of people

Thermal and magnetic interaction

The gauss markov theorem shows that ols is blue so we of

What will be displayed in the message box

Describe an anecdote

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT