Problem 2 uring this time of the pandemic, suppose the mean cost across the country of a 30-day supply of a generic drug is Php 46.58 , with andard deviation Php 4.84. Find the probability that the mean of a sample of 100 prices of 30-day supplies of this drug will be betweem ap 45 and Php 50. Is the pricing fair enough for a 30-day supply despite the pandemic? Why?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
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Problem 2
During this time of the pandemic, suppose the mean cost across the country of a 30-day supply of a generic drug is Php 46.58 , with
standard deviation Php 4.84. Find the probability that the mean of a sample of 100 prices of 30-day supplies of this drug will be betwee
Php 45 and Php 50. Is the pricing fair enough for a 30-day supply despite the pandemic? Why?
Transcribed Image Text:Problem 2 During this time of the pandemic, suppose the mean cost across the country of a 30-day supply of a generic drug is Php 46.58 , with standard deviation Php 4.84. Find the probability that the mean of a sample of 100 prices of 30-day supplies of this drug will be betwee Php 45 and Php 50. Is the pricing fair enough for a 30-day supply despite the pandemic? Why?
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