a. If you select a random sample of 16 smartphone owners, what is the probability that the sample mean is between 22.5 and 23.5?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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According to a report from a business intelligence company, smartphone owners are using an average of 23 apps per
month. Assume that number of apps used per month by smartphone owners is normally distributed and that the
standard deviation is 7. Complete parts (a) through (d) below.
a. If you select a random sample of 16 smartphone owners, what is the probability that the sample mean is between
22.5 and 23.5?
(Round to three decimal places as needed.)
Transcribed Image Text:K According to a report from a business intelligence company, smartphone owners are using an average of 23 apps per month. Assume that number of apps used per month by smartphone owners is normally distributed and that the standard deviation is 7. Complete parts (a) through (d) below. a. If you select a random sample of 16 smartphone owners, what is the probability that the sample mean is between 22.5 and 23.5? (Round to three decimal places as needed.)
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