Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Find the indicated probability and interpret the result. From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 653.
Find the indicated probability and interpret the result. From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 653. A random sample of 32 years is selected from this population. What is the probability that the mean gain for the sample was between 400 and 800? Assume o = 1541. The probability is (Round to four decimal places as needed.) Interpret the result. Select the correct choice and fill in the answer box to complete your choice. (Round to two decimal places as needed.) OA. About OB. About OC. About OD. About % of samples of 46 years will have an annual mean gain between 400 and 800. % of samples of 32 years will have an annual mean gain between 400 and 800. % of samples of 32 years will have an annual mean gain between 653 and 800. % of samples of 32 years will have an annual mean gain between 400 and 653.
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