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The nexttwoquestions (17and18) refer to the following: The amountXspent (in $) by customers in the grocery store express lane follows some right-skewed distribution with mean
The nexttwoquestions (17and18) refer to the following:
The amountXspent (in $) by customers in the grocery store express lane follows some
right-skewed distribution with mean $24 and standard deviation $15.
17. What is the probability that the average amount spent by the next three customers is more than $20?
(A) 0.4619
(B) 0.6772
(C) 0.8186
(D) 0.7673
(E) impossible to calculate with the information given
- What is the approximate probability that the next 40 customers spend less than $1,000 in total?
- (A) 0.5199 (B) 0.6064 (C) 0.6628 (D) 0.5784 (E) 0.6331
- An economist calculates that, in order to estimate the true mean amount spent per year by Canadians on Christmas presents to within $60 with 95% confidence, she requires a sample of 90 Canadians. What sample size would be required to estimate the true mean amount spent per year by Canadians on Christmas presents to within $20 with 95% confidence?
- (A) 10 (B) 30 (C) 156 (D) 270 (E) 810
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