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Suppose x has a distribution with a mean of 70 and a standard deviation of 51. Random samples of size n = 36 are drawn.
(a) Compute the mean and standard deviation of the distribution. (For each answer, enter a number.)
ux=
ox=
(b) Find the z value corresponding to x bar = 53. (Enter an exact number.)
z =
(c) Find P(x bar < 53). (Enter a number. Round your answer to four decimal places.)
P(x bar < 53) =
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Why is an interval estimate for the population preferred to a point estimate? In real business practices, is information about the population mean available? Discuss
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