Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A leading magazine (like Barron's) reported at one time that the average number of weeks an individual is unemployed is 28 weeks. Assume that the

image text in transcribed
A leading magazine (like Barron's) reported at one time that the average number of weeks an individual is unemployed is 28 weeks. Assume that the length of unemployment is normally distributed with population mean of 28 weeks and the population standard deviation of 7 weeks. Suppose you would like to select a random sample of 39 unemployed individuals for a follow-up study. Round the answers of following questions to 4 decimal places. a. What is the distribution of X? X - N( b. What is the distribution of ? I - N( c. What is the probability that one randomly selected individual found the next job is more than 26 weeks? d. For 39 unemployed individuals, find the probability that the average time that they found the next job is more than 26 weeks. e. For part d), is the assumption of normal necessary? O YesO No

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Mathematics For Liberal Arts Majors

Authors: Christopher Thomas

1st Edition

0071544305, 9780071544306

More Books

Students also viewed these Mathematics questions

Question

The relevance of the information to the interpreter

Answered: 1 week ago

Question

The background knowledge of the interpreter

Answered: 1 week ago