Probability that average income of fund raising group

Assignment Help Basic Statistics

Reference no: EM131404420

A civic organization includes 200 members, who have an average income of $58,000, with a standard deviation of $10,000.

A simple random sample of members is selected to participate in the annual fund-raising drive. What is the probability that the average income of the fund-raising group will be at least $60,000?

Reference no: EM131404420

Questions Cloud

What is the difference between roi and roce ratios : What are some ways you can express the accounting equation? What is Agency theory and what is it primarily concerned with? What is the difference between ROI and ROCE ratios?

Determine the mechanical properties of composite materials : Design and describe test methods to determine the mechanical properties of composite materials subjected to these environmental conditions.

How business can use information to improve its performance : Give your interpretation of what the ratios calculations show and how the business can use this information to improve its performance. Justify all answers.

Identify the components made of composite materials : Make a survey of various sports equipment and identify the components made of composite materials. Explain the reasons for and the advantages of using composites in these specific applications.

Probability that average income of fund raising group : A simple random sample of members is selected to participate in the annual fund-raising drive. What is the probability that the average income of the fund-raising group will be at least $60,000?

What is the time if the diameter is doubled : A cylinder with a diameter of 50 mm and a height of 75 mm solidifies in three minutes in a sand casting operation. W hat is the solidification time if the cylinder height is doubled? What is the time if the diameter is doubled?

Comment on the structure of report including observations : Comment on the structure of the report including the observations and recommendations. Do you notice any differences compared to the readings and lecture notes for the week?

Describe the sampling distribution of the mean : For a simple of n = 200 random sample of values selected without replacement, describe the sampling distribution of the mean.

Construct the share capitalisation table : Construct the share capitalisation table post Series E investment by RSC. Compare the values at exit for each class of shareholders; Common, Preferred A, B, C, D and Series E investors for Sale of company 1 year post Series E at exit valuations of ..

User Account

All Pages