Question
According to a Gallup poll done in 2016 (www.gallup.com), U.S. adults spent an average of $95 daily on discretionary spending per day in April, 2016.
According to a Gallup poll done in 2016 (www.gallup.com), U.S. adults spent an average of $95 daily on discretionary spending per day in April, 2016. Let's assume that the standard deviation is $20 per day and that these values are true for the population of all U.S. adults.
Suppose you took a random sample of your own of 120 U.S. adults and found that U.S. adults spent an
average of $88 with a standard deviation of $29.
The sample standard deviation of the amount U.S. adults spent on discretionary spending per day in April is?
The mean amount all U.S. adults spent on discretionary spending per day in April is?
Can we say that the sampling distribution of $95 is normally distributed in this situation? Justify your answer.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started