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In the EAI sampling problem, the population mean is $51,900 and the population standard deviation is $5,000. When the sample size is n = 20, there is a 0.4085 probability of obtaining a sample mean within +/- $600 of the population mean. Use z-table. a. What is the probability that the sample mean is within $600 of the population mean if a sample of size 40 is used (to 4 decimals)? b. What is the probability that the sample mean is within $600 of the population mean if a sample of size 80 is used (to 4 decimals)?

In the EAI sampling problem, the population mean is $51,900 and the population standard deviation is $5,000. When the sample size is n = 20, there is a 0.4085 probability of obtaining a sample mean within +/- $600 of the population mean. Use z-table. a. What is the probability that the sample mean is within $600 of the population mean if a sample of size 40 is used (to 4 decimals)? b. What is the probability that the sample mean is within $600 of the population mean if a sample of size 80 is used (to 4 decimals)?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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In the EAI sampling problem, the population mean is $51,900 and the population standard deviation is $5,000. When the sample size is n = 20, there is a 0.4085 probability of obtaining a sample mean within +/- $600 of the population mean. Use z-table. a. What is the probability that the sample mean is within $600 of the population mean if a sample of size 40 is used (to 4 decimals)? b. What is the probability that the sample mean is within $600 of the population mean if a sample of size 80 is used (to 4 decimals)?
Transcribed Image Text:In the EAI sampling problem, the population mean is $51,900 and the population standard deviation is $5,000. When the sample size is n = 20, there is a 0.4085 probability of obtaining a sample mean within +/- $600 of the population mean. Use z-table. a. What is the probability that the sample mean is within $600 of the population mean if a sample of size 40 is used (to 4 decimals)? b. What is the probability that the sample mean is within $600 of the population mean if a sample of size 80 is used (to 4 decimals)?
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