Question
According to United States Department of Agriculture, the average retail price of conventional whole milk at New York City in the year 2020 (up to
According to United States Department of Agriculture, the average retail price of conventional whole milk at New York City in the year 2020 (up to November 2020 considered) is $3.92 per gallon. The standard deviation in the retail prices in the year 2020 (up to November 2020 considered) is $0.084. You are given a task of selecting randomly a sample of 85 milk bottles (whole milk of 1 gallon volume).
a.Calculatexandx.
b.What is the approximate probability that the sample has a mean retail price that exceeds $4.05?
c.What is the approximate probability that the sample has a mean retail price between $3.91 and $3.94?
[Graph should be drawn and z values and area to be found should be marked for questions b and c]
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