Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You may need to use the appropriateappendix tableortechnologyto answer this question.A population of 1,000 students spends an average of $10.60a day on dinner. The standard

You may need to use the appropriateappendix tableortechnologyto answer this question.A population of 1,000 students spends an average of $10.60a day on dinner. The standard deviation of the expenditure is $4. A simple random sample of64 studentsis taken.

(a)What is the expected value (in dollars) of the sampling distribution of the sample mean?$ What is the standard deviation (in dollars) of the sampling distribution of the sample mean? (Round your answer to four decimal places.)$ What is the shape of the sampling distribution of the sample mean? uniformnormalskewed to the right skewed to the left exponential

(b)What is the probability that these 64 students will spend a combined total of more than $721.97? (Round your answer to four decimal places.)

(c)What is the probability that these 64 students will spend a combined total between $710.27and $735.95? (Round your answer to four decimal places.)

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

Essential Calculus Early Transcendental Functions

Authors: Ron Larson, Robert P. Hostetler, Bruce H. Edwards

1st Edition

618879188, 618879182, 978-0618879182

More Books

Students also viewed these Mathematics questions

Question

=+d) Which is used in computing the confidence interval?

Answered: 1 week ago