Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The average price of a college math textbook is $169 and the standard deviation is $24. Suppose that 16 textbooks are randomly chosen. Round all
The average price of a college math textbook is $169 and the standard deviation is $24. Suppose that 16 textbooks are randomly chosen. Round all answers to 4 decimal places where possible.
- What is the distribution of xx? xx ~ N(,)
- For the group of 16, find the probability that the average price is between $166 and $174.
- Find the first quartile for the average textbook price for this sample size. $ (round to the nearest cent)
- For part b), is the assumption that the distribution is normal necessary? YesNo
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