Probability the average of the sample, Basic Statistics

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Probability the average of the sample

Incomes in a certain town are strongly-right skewed with mean $36000 and standard deviation $7000. A random sample of 10 households is taken. What is the probability the average of the sample is more than $38000?

What is the probability the average of the sample is more than $37000 if a random sample of 75 house holds is taken?

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Basic Statistics: Probability the average of the sample

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Basic Statistics: Probability the average of the sample

Reference No:- TGS0723348

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Recent Questions Asked Basic Statistics

Q : Determining the approximation to the binomial distribution

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Probability the average of the sample

Reference No:- TGS0723348

Recent Questions Asked Basic Statistics

Q : Determining the approximation to the binomial distribution

Q : What is the annual interest paid on the bonds

Q : Conditional probability mass function

Q : What is the final temperature of the neon gas

Q : Probability the average of the sample

Q : Experiencing the magnetic force

Q : Use the normal distribution

Q : Pinworm infection rate

Q : Variance of the random variable

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