The cost of 5 gallons of ice cream has a standard deviation of 8 dollars with a mean of 33 dollars during the summer. What is the probability that the sample mean would differ from the true mean by less than $1.3$ dollars if a sample of 183 5-gallon pails is randomly selected? Round your answer to four decimal places. SP.SS. 397

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter17: Markov Chains
Section17.7: Work-force Planning Models
Problem 9P
icon
Related questions
Question
The cost of 5 gallons of ice cream has a
standard deviation of 8 dollars with a mean
of 33 dollars during the summer.
What is the probability that the sample
mean would differ from the true mean by
less than $1.3$ dollars if a sample of 183
5-gallon pails is randomly selected? Round
your answer to four decimal places.
SP.SS. 397
Transcribed Image Text:The cost of 5 gallons of ice cream has a standard deviation of 8 dollars with a mean of 33 dollars during the summer. What is the probability that the sample mean would differ from the true mean by less than $1.3$ dollars if a sample of 183 5-gallon pails is randomly selected? Round your answer to four decimal places. SP.SS. 397
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Probability Problems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Operations Research : Applications and Algorithms
Operations Research : Applications and Algorithms
Computer Science
ISBN:
9780534380588
Author:
Wayne L. Winston
Publisher:
Brooks Cole