Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use the scenario below for the following 3 questions. According to a recent survey by the Pew Research Center, retired executives gave an average of
Use the scenario below for the following 3 questions.
According to a recent survey by the Pew Research Center, retired executives gave an average of $1200 to their alma mater. The gifts are normally distributed with a standard deviation of $400.
Susan sent out emails to a three random samples of executives and found the following:
n
Sample 1
35
Sample 2
30
Sample 3
34
19.What is the probability that sample mean 1 will be less than $1259?
a.0.1912
b.0.5586
c.0.8078*
d.0.8726
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