Probability-sample average expenditure per customer is more

Assignment Help Basic Statistics
Reference no: EM13128036

Suppose that the mean expenditure per customer at a tire store is 85.00, with a standard deviation of 9.00. If a random sample of 40 customers is taken, what is the probability that the sample average expenditure per customer for this sample will be 87.00 or more?

Reference no: EM13128036

Questions Cloud

What is the distribution ratio of a : Metal A was determined to be 95% extracted into methylene chloride with dethizone at pH6, when equal volumes of aqueous and non-aqueous solvents were used. what is the distribution ratio of A
Calculate interest cost that alaska should capitalized : Interest computed on the weighted-average amount of accumulated expenditures for the building during 2005 was $60,000. Calculate interest cost that Alaska should capitalized?
How to identify the hydrocarbon : On treatment of Compound D with an alcoholic solution of silver ammonium hydroxide, a silver mirror was formed within a few minutes. Identify the hydrocarbon A and Compounds B-D.
Partial derivatives and chain rule : Find (partial z)/(partial u)( and ) (partial z)/(partial v) using the chain rule. Assume the variables are restricted to domains on which the functions are defined. Your answers should be in terms of u and v.
Probability-sample average expenditure per customer is more : If a random sample of 40 customers is taken, what is the probability that the sample average expenditure per customer for this sample will be 87.00 or more?
Partial derivitives and chain rule : Let F(u,v) be a function of two variables. Find f '(x) for each of the following. Use F_u and F_v for F_u and F_v
Illustrate what was its cost of goods sold : It purchased goods for $380,000 and had beginning inventory of $70,000. A count of its ending inventory determined that goods on hand was $50,000. Illustrate what was its cost of goods sold?
What is the density of hydrogen sulfide : what is the density of hydrogen sulfide at 1.2 atm and 307 K? answer in units of g/L
Analyse the value of caraways equity : Analyse the value of Caraway's equity if it pays out a $200,000 cash dividend today and plans to pay a $1.2 million liquidating dividend at the end of one year.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Population of incomes in a particular community

The population of incomes in a particular community is thought to be highly right-skewed with a mean equal to $36,789 and a standard deviation equal to $2,490.

  Determine sample size to conduct a follow-up study

To conduct a follow-up study that would provide 95% confidence that the point estimate is correct to within plus-or-minus 0.04 of the population proportion, how large a sample size is required?

  Test value needed to evaluate the claim

The athletic director claims that the atendance is the same as last year. What is the test value needed to evaluate the claim?

  Caculate expectations of x and y

One of 4 bus drivers is also arbitarily selected. Let Y denote number of students on his bus. Caculate expectations of X and Y: E(X)=?

  Ungrouped frequency distribution

A survey taken in a restaurant shows the following number of cups of coffee consumed with each meal.  Construct an ungrouped frequency distribution.

  How to use margin of error in estimating the percentage

How would you use the "margin of error" in estimating the percentage of all adults who think that Venetian blinds are the hardest to clean?

  Plot the market-share data and fit three trends

Plot the market-share data. (b) Describe the trend (if any) and discuss possible causes. (c) Fit three trends (linear, exponential, quadratic).

  Sample a voluntary response sample

A pollster calls 500 randomly selected people and all 500 respond to her first question. Because the subjects agreed to respond, is the sample a voluntary response sample?

  Finding standard error of mean

Random sample of 64 services is selected. Assume the population consists of 400 services. Find out the standard error of mean.

  Standard deviation of given probability distribution

The random variable X is the distribution of siblings of a student selected at random from a particular secondary school. Its probability distribution is given in the table.

  Find the standard error-margin of error-confidence interval

Derive the standard error of proportion, the margin error and the 95% confidence interval for the proportion indicating preference to flirting.

  Diameter of stabilizing o-rings washers

The diameter of stabilizing O-Rings washers manaufactured at a large factory is expected to be normally distributed with a mean of 1.30 inches and a standard deviation of 0.04 inches.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd