Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The mean family income in Wisconsin, according to the 2011 data, is about $77,351, with a standard deviation (for the population) of approximately $59,750. 17.

The mean family income in Wisconsin, according to the 2011 data, is about $77,351, with a standard deviation (for the population) of approximately $59,750.

17. Imagine that you are taking a subsample of 200 state residents. What is the probability that your sample mean is between 71,000 and $77,351 (5 pts)? Try to find a Z-score for $71,000. Then, you can find the probability based on this Z-score using Appendix B.

18. For this same sample size, what is the probability that the sample mean exceeds $85,000 (5 pts)? Try to find a Z-score for $85,000. Then, you can find the probability based on this Z-score using Appendix B.?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Mean 77351 Standard deviation 59750 17 Sample size n 200 To determine the pro... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statistics

Authors: Robert R. Johnson, Patricia J. Kuby

11th Edition

978-053873350, 9781133169321, 538733500, 1133169325, 978-0538733502

More Books

Students also viewed these Accounting questions

Question

What are the four major advantages of a Sole Proprietorship?

Answered: 1 week ago

Question

describe the causes of overtraining and burnout;

Answered: 1 week ago

Question

describe how to recognize disordered eating,

Answered: 1 week ago