Suppose that a population that consists of the prices of selling all computer chips is normally distributed with standard deviation of $1400. A sample of size 10 chips is selected. If the probability of selecting this sample whose mean is less than $1400 is equal to 0.001, what value would you select for the population mean?

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 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Suppose that a population that consists of the prices of selling all computer chips is normally distributed with standard deviation of $1400. A sample of size 10 chips is selected. If the probability of selecting this sample whose mean is less than $1400 is equal to 0.001, what value would you select for the population mean?

 

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1535.35

 

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1536.36

 

1537.37

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