Suppose that the outstanding credit card balance of a randomly selected young man has a normaldistribution with a mean of 610 dollars and a standard deviation of 118.6 dollars. Let X be the outstandingcredit card balance for a randomly selected young man and let X be the average outstanding credit cardbalance for a random sample of size 33.1. Describe the probability distribution of X and state its parametersand o:X~ Select an answer (=and find the probability that the outstanding credit card balance for a randomly selected young man is lessthan 781 dollars.σ=(Round the answer to 4 decimal places)2. Use the Central Limit TheoremSelect an answerto describe the probability distribution of X and state its parameters and ox: (Round the answers to 1decimal place)X~ Select an answer (x=and find the probability that the average outstanding credit card balance for a sample of 33 randomlyselected young men is less than 660 dollars.ox=(Round the answer to 4 decimal places)

Answered: Image /qna-images/answer/326e021e-5790-454c-ad49-15f3a4caf25a.jpg

Answered: Suppose that the outstanding credit…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Assume that the amount of weight that male college students gain during their freshman year are normally distributed with a. Mean of u= 1.2 kg and a standard deviation of o= 5.1 kg A. If 1 male college student is randomly selected, Find the probability that he gains between 0 and 3 kg during freshman year B. If 25 male college students are randomly selected find the probability that their mean weight gain during freshman year is between 0 and 3 kg why can the normal distribution be used on pet b even though the sample size does not exceed 30?
From 2010 - 2018, the average monthly precipitation in a CityXYZ is 344.60 mm with a standard deviationof 453.54 mm. Assume the variable is normally distributed. Find the probability that the mean of a random selection of36 months will have a mean between 357 mm and 450 mm.
Let x be a random variable that represents the commute time of teachers in a large rural area. If x is normally distributed with a mean of 64 minutes and a standard deviation of 12.2 minutes, find the probability that a commute time is greater than 70 minutes.
Assume that heights of U.S. men between 45 and 50 years of age are normally distributed with mean 70 inches and a standard deviation of 0.75 inches. Suppose a random sample of 49 men is selected. Find the probability that the average height of these 49 men is less than 69.8 inches.
Use this information about the overhead reach distances of adult females: µ = 205.5 cm, σ = 8.6 cm, and overhead reach distances are normally distributed (based on data from th Federal Aviation Administration) If 40 adult females are randomly selected, find the probability that they have a mean overhead reach between 204.0 cm and 206.0 cm.
Assume that women's heights are normally distributed with a mean 64.5 in, and a standard deviation of 2.3 in. (a) if 1 woman is randomly selected, find the probability that her height is less than 65 in.(b) if 46 women are randomly selected, find the probability that they have a mean height less than 65 in.
Assume that the readings at freezing on a bundle of thermometers are normally distributed with a mean of 0°C and a standard deviation of 1.00°C. A single thermometer is randomly selected and tested. Find the probability of obtaining a reading between -0.338°C and 0.467°C. Use 4 decimal places.
Assume that women's weights are normally distributed with a mean given by μ=143 lb and a standard deviation given by 29 lb.(a) If 1 woman is randomly selected, find the probabity that her weight is between 113 lb and 172 lb(b) If 3 women are randomly selected, find the probability that they have a mean weight between 113 lb and 172 lb(c) If 73 women are randomly selected, find the probability that they have a mean weight between 113 lb and 172 lb
Suppose collection of all quiz marks of a class of students is normally distributed with a mean of 7 and a standard deviation of 1. Calculate the probability that a student will receive a mark less than 5.
Assume that the readings at freezing on a bundle of thermometers are normally distributed with a mean of 0°C and a standard deviation of 1.00°C. A single thermometer is randomly selected and tested. Find the probability of obtaining a reading greater than -1.935°C.
Let Y1....,Yn be a random sample from a normal distribution with mean 30 and standard deviation 3. What is the probability the largest observation is greater than 30?
Assume that IQ scores of Red Sox fans are normally distributed with the mean of 63.6 in a standard deviation of 2.5 if 90 Red Sox fans are randomly selected by the probability that they have a mean IQ score of 62.9 and 64.

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS