Question
According to a researchinstitution, men spent an average of $134.83 onValentine's Day gifts in 2009. Assume the standard deviation for this population is $45 and
According to a researchinstitution, men spent an average of $134.83 onValentine's Day gifts in 2009. Assume the standard deviation for this population is $45 and that it is normally distributed. A random sample of 20 men who celebrateValentine's Day was selected. Complete parts a through e.
a. Calculate the standard error of the mean.
x=
(Round to two decimal places asneeded.)
b. What is the probability that the sample mean will be less than $130?
Px<$130=
(Round to four decimal places asneeded.)
c. What is the probability that the sample mean will be more than $140?
Px>$140=
(Round to four decimal places asneeded.)
d. What is the probability that the sample mean will be between $110 and $165?
P$110x$165=
(Round to four decimal places asneeded.)
e. Identify the symmetrical interval that includes95% of the sample means if the true population mean is $134.83.
$
x$
(Round to the nearest dollar asneeded.)
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