Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 3: Suppose the prices of shirts from a brand are uniformly distributed from $6 to $60 dollars. a. Find the mean shirt price from
Question 3: Suppose the prices of shirts from a brand are uniformly distributed from $6 to $60 dollars. a. Find the mean shirt price from that brand b. Find the variance of the shirt price. c. Find the probability that a randomly chosen shirt has price greater than 40 dollars. d. Suppose that a random sample of 40 shirts are chosen from the brand. Find the approximate distribution of the average price of the shirts in the sample. e. Find the probability that the average price of the selected shirts is greater than 40 dollars. f. Find the probability that the average price of the selected shirt is less than 30 and greater than 20. g. Use R to draw the density curve of X. Adjust the limits of the x and y axis reasonably so that the positive part (> 0) of the pdf curve is completely shown in the plot. Label the axes and the plot reasonably. Include a red vertical line on the plot to indicate the location of the mean of X
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