It is known that the incomes of subscribers to a particular British magazine have a normal distribution
Question:
It is known that the incomes of subscribers to a particular British magazine have a normal distribution with a variance of 49,000,000. A random sample of 41 subscribers is taken.
a. What is the probability that the sample standard deviation of their incomes is more than £5,000?
b. What is the probability that the sample standard deviation of their incomes is less than £9,000?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Business And Economics
ISBN: 9781292315034
9th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
Question Posted: