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Business Week reports that its subscribers who plan to purchase a new vehicle plan to spend a mean of $27,100. Assume that the new vehicle
Business Week reports that its subscribers who plan to purchase a new vehicle planto spend a mean of $27,100. Assume that the new vehicle price for the populationof Business Week subscribers has a mean of = $27,100 and a standard deviationof = $5200.
a. What is the probability that the sample mean new vehicle price for a sample of
50 subscribers is within $1000 of the population mean?
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