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Suppose the mean expenditure per customer at a tire store is $80.00, with a standard deviation of $10.00. If a random sample of 40 customers
Suppose the mean expenditure per customer at a tire store is $80.00, with a standard deviation
of $10.00. If a random sample of 40 customers is taken, what is the probability
a) that the sample average expenditure per customer for this sample will be $87.00 or
less?
b) that the sample average expenditure per customer for this sample will be $87.00 or
more?
c) that the sample average expenditure per customer for this sample will be between
$70.00 and $85.00?
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