5-28. Shimano mountain bikes are displayed in chic clothing boutiques in Milan, Italy, and the average price for the bike in the city is $700. Suppose that the standard deviation of bike prices is $100. If a random sample of 60 boutiques is selected, what is the probability that the average price for a Shimano mountain bike in this sample will be between $680 and $720?

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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5-28. Shimano mountain bikes are displayed in chic clothing boutiques in Milan, Italy, and the average
price for the bike in the city is $700. Suppose that the standard deviation of bike prices is $100. If a
random sample of 60 boutiques is selected, what is the probability that the average price for a Shimano
mountain bike in this sample will be between $680 and $720?
Transcribed Image Text:5-28. Shimano mountain bikes are displayed in chic clothing boutiques in Milan, Italy, and the average price for the bike in the city is $700. Suppose that the standard deviation of bike prices is $100. If a random sample of 60 boutiques is selected, what is the probability that the average price for a Shimano mountain bike in this sample will be between $680 and $720?
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