Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In the EAI sampling problem, the population mean is $71,800 and the population standard deviation is $4,000. When the sample size is n = 30,

In the EAI sampling problem, the population mean is $71,800 and the population standard deviation is $4,000. When the sample size isn= 30, there is a .5064 probability of obtaining a sample mean within +/- $500 of the population mean.

1.What is the probability that x is within 500 of the population mean if a sample of size 60 is used (to 4 decimals)?

  1. Answer part (a) for a sample of size 120 (to 4 decimals).

image text in transcribed
7.5 Pra o/index.html?deploymentld=59914023676212817384117008860&elSBN=9780357131466&id=905935500&snapshotld=1933114& # MINDTAP Q Search this c ent: 7.5 Practice Assignment Score: 0.00% Save Submit Assignment for Grading Exercise 07.19 (Sampling Distribution of x) Question 1 of 2 Check My Work (7 remaining) In the EAI sampling problem, the population mean is $71,800 and the population standard deviation is $4000. For n - 30, there is a 0.5064 probability of obtaining a sample mean within $500 of the population mean. Use z-table. a. What is the probability that @ is within $500 of the population mean if a sample of size 60 is used (to 4 decimals)? b. Answer part (a) for a sample of size 120 (to 4 decimals). Check My Work (7 remainin O- Icon Key

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finite Mathematics and Its Applications

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

12th edition

ISBN: 978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632

More Books

Students also viewed these Mathematics questions