Question
If the average monthly expenditure on basic commodities for families in a city is 6000 riyals, and the standard deviation is 1000 riyals, find the
If the average monthly expenditure on basic commodities for families in a city is 6000 riyals, and the standard deviation is 1000 riyals, find the probability that in a sample of 100 families the average monthly spending on basic commodities is between 5800 and 6100 riyals?
Step by Step Solution
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ANSWER IS To solve this problem well use the Central Limit Theorem which states that the distributio...
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Elementary Statistics Picturing The World
Authors: Ron Larson, Betsy Farber
6th Edition
0321911210, 978-0321911216
