Many homeowners rely on handymen to perform small jobs, such as repairs or maintenance, around their residence.

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Many homeowners rely on handymen to perform small jobs, such as repairs or maintenance, around their residence.

According to HomeAdvisor Inc., the average cost for a handyman project is $460. Assume the population standard deviation is $95. A random sample of 30 handyman projects was selected.

a. What is the probability that the sample mean will be less than $475?

b. What is the probability that the sample mean will be between $450 and $465?

c. Identify the symmetrical interval that includes 95% of the sample means if the true population mean is $460 per project.

d. Suppose the sample mean was $411. Does this result support the findings of HomeAdvisor Inc.?AppendixLO1

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Business Statistics

ISBN: 9780133852288

2nd Edition

Authors: Robert A Donnelly, Robert Donnelly Jr

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