why not? wny 52. Foot Locker Store Productivity. Foot Locker uses sales per square foot as a measure of store productivity. Sales are currently running at an annual rate of $406 per square foot. You have been asked by management to conduct a study of a sample of 64 Foot Locker stores. Assume the standard deviation in annual sales per square foot for the population of all 3400 Foot Locker stores is $80. a. Show the sampling distribution of x, the sample mean annual sales per square foot for a sample of 64 Foot Locker stores. b. What is the probability that the sample mean will be within $15 of the population mean? the probability of finding a c. Suppose you find a sample mean of $380. What sample mean of $380 or less? Would you consider such a sample to be an unusually low-performing group of stores? infore for flights departing from Buffalo Niagara 17 June $320.51. Assume

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

I need help with 52. 

Bulation standard deviation is $2500.
a. Show the sampling distribution of the mean amount of health care expenditures
for a sample of 100 people.
b. What is the probability the sample mean will be within ±$200 of the population
mean?
c. What is the probability the sample mean will be greater than $12,000? If the sur-
vey research firm reports a sample mean greater than $12,000, would you question
whether the firm followed correct sampling procedures? Why or why not?
52. Foot Locker Store Productivity. Foot Locker uses sales per square foot as a measure
of store productivity. Sales are currently running at an annual rate of $406 per square
foot. You have been asked by management to conduct a study of a sample of 64 Foot
Locker stores. Assume the standard deviation in annual sales per square foot for the
population of all 3400 Foot Locker stores is $80.
of their health
a. Show the sampling distribution of x, the sample mean annual sales per square
foot for a sample of 64 Foot Locker stores.
b. What is the probability that the sample mean will be within $15 of the population
mean?
c. Suppose you find a sample mean of $380. What is the probability of finding a
sample mean of $380 or less? Would you consider such a sample to be an unusually
low-performing group of stores?
53. Airline Fares. The mean airfare for flights departing from Buffalo Niagara
International Airport during the first three months of 2017 was $320.51. Assume
the standard deviation for this population of fares is known to be $80. Suppose a
1 of 60 flights departing from Buffalo Niagara International Airport
for flights
Transcribed Image Text:Bulation standard deviation is $2500. a. Show the sampling distribution of the mean amount of health care expenditures for a sample of 100 people. b. What is the probability the sample mean will be within ±$200 of the population mean? c. What is the probability the sample mean will be greater than $12,000? If the sur- vey research firm reports a sample mean greater than $12,000, would you question whether the firm followed correct sampling procedures? Why or why not? 52. Foot Locker Store Productivity. Foot Locker uses sales per square foot as a measure of store productivity. Sales are currently running at an annual rate of $406 per square foot. You have been asked by management to conduct a study of a sample of 64 Foot Locker stores. Assume the standard deviation in annual sales per square foot for the population of all 3400 Foot Locker stores is $80. of their health a. Show the sampling distribution of x, the sample mean annual sales per square foot for a sample of 64 Foot Locker stores. b. What is the probability that the sample mean will be within $15 of the population mean? c. Suppose you find a sample mean of $380. What is the probability of finding a sample mean of $380 or less? Would you consider such a sample to be an unusually low-performing group of stores? 53. Airline Fares. The mean airfare for flights departing from Buffalo Niagara International Airport during the first three months of 2017 was $320.51. Assume the standard deviation for this population of fares is known to be $80. Suppose a 1 of 60 flights departing from Buffalo Niagara International Airport for flights
Expert Solution
Step 1

Given:

Sales are currently running at an annual rate of $406 per square foot.

We have,

Population mean,

μ=406

Sample size,

n=64

Population standard deviation,

σ=80

trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 3 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
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 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…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
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
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman