According to the Organisation for Economic Co-operation and Development (OECD), adults in the United States worked an

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According to the Organisation for Economic Co-operation and Development (OECD), adults in the United States worked an average of 1,787 hours in 2011. Assume the population standard deviation is 400 hours and that a random sample of 50 U.S. adults was selected.

a. Calculate the standard error of the mean.

b. What is the probability that the sample mean will be more than 1,800 hours?

c. What is the probability that the sample mean will be between 1,750 and 1,780 hours?

d. Would a sample mean of 1,825 hours support the claim made by the OECD?

e. Identify the symmetrical interval that includes 95% of the sample means if the true population mean is 1,787 hours.

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Business Statistics

ISBN: 9780133852288

2nd Edition

Authors: Robert A Donnelly, Robert Donnelly Jr

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