4.37What is the probability that the mean for a random sample of 144 accounts receivable drawn from apopulation of 2000 accounts with a mean of $10,000 and a standard deviation of $4000 will be between$9500 and $10,500?Ans. 0.8812, or 88.12%

Given that Mean = 10000 , Standard deviation = 4000 Sample size = 144

Answered: 4.37 What is the probability that the…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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4.37 What is the probability that the mean for a random sample of 144 accounts receivable drawn from a population of 2000 accounts with a mean of $10,000 and a standard deviation of $4000 will be between $9500 and $10,500? Ans. 0.8812, or 88.12%