Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Students of a large university spend an average of $5 a day on lunch. The standard deviation of the expenditure is $3. A simple random

Students of a large university spend an average of $5 a day on lunch. The standard deviation of the expenditure is $3. A simple random sample of 36 students is taken.Considerx, the average expenditure of the sample.What isE(x) andVar(x)? what is the probability that a randomly picked student's expenditure is less than $6, that is, P(X<6)?what isthe probability that the mean expenditure of the sample is more than $5.5, that P(x>5.5)?

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_2

Step: 3

blur-text-image_3

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

Sampling

Authors: Steven K Thompson

3rd Edition

111816296X, 9781118162965

More Books

Students also viewed these Mathematics questions

Question

What needs do all people have in common?

Answered: 1 week ago