Suppose that the average monthly revenue of flower shops is $10,000 with a standard deviation of $1,575. Assume that the revenue distribution for flower shops is normal. What is the probability that the average monthly revenue of a random sample of 9 flower shops is more than $9,500? O P(Z < -0.9524) 0.1704 O P(Z > 0.9524) = 0.1704 O P(Z > -0.9524) = 0.8295 O P(Z < 0.9524) 0.8295

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
icon
Related questions
Question
QUESTION 35
Suppose that the average monthly revenue of flower shops is $10,000 with a standard deviation of $1,575. Assume that the
revenue distribution for flower shops is normal. What is the probability that the average monthly revenue of a random
sample of 9 flower shops is more than $9,500?
O P(Z < -0.9524) = 0.1704
O P(Z > 0.9524) = 0.1704
O P(Z >-0.9524) = 0.8295
P(Z < 0.9524) = 0.8295
Transcribed Image Text:QUESTION 35 Suppose that the average monthly revenue of flower shops is $10,000 with a standard deviation of $1,575. Assume that the revenue distribution for flower shops is normal. What is the probability that the average monthly revenue of a random sample of 9 flower shops is more than $9,500? O P(Z < -0.9524) = 0.1704 O P(Z > 0.9524) = 0.1704 O P(Z >-0.9524) = 0.8295 P(Z < 0.9524) = 0.8295
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Point Estimation, Limit Theorems, Approximations, and Bounds
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
Probability
ISBN:
9780134753119
Author:
Sheldon Ross
Publisher:
PEARSON
A First Course in Probability
A First Course in Probability
Probability
ISBN:
9780321794772
Author:
Sheldon Ross
Publisher:
PEARSON