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Concept explainers
Given a
a. less than 95?
b. between 95 and 97.5?
c. above 102.2?
d. There is a
a.
![Check Mark](/static/check-mark.png)
Determine the probability that
Answer to Problem 1PS
The probability is 0.0062.
Explanation of Solution
Given X follows a normal distribution with mean
The sample mean
The probability that the sample mean takes a value less than 95 needs to be calculated.
Then, z-value corresponding to 95 is,
This implies
From the standard normal cumulative table given in E.2, the area corresponding
Hence, the probability of the sample mean being less than 95 is 0.0062.
b.
![Check Mark](/static/check-mark.png)
Determine the probability that
Answer to Problem 1PS
The probability is 0.0994.
Explanation of Solution
The probability that the sample mean lies between 95 and 97.5 needs to be calculated.
Z-value corresponding to 97.5 is,
This implies that the required probability is
From the standard normal cumulative table given in E.2, the area corresponding to
Therefore,
Hence, the probability that
c.
![Check Mark](/static/check-mark.png)
Determine the probability that
Answer to Problem 1PS
The probability is 0.1357.
Explanation of Solution
The probability that the sample mean takes a value above 102.2 needs to be calculated.
Z-value corresponding to 102.2 is:
This implies that the required probability is
From the standard normal cumulative table given in E.2, the area corresponding to
This implies
Hence, the probability of the sample mean being greater than 102.2 is 0.1357.
d.
![Check Mark](/static/check-mark.png)
Determine the value of
Answer to Problem 1PS
The required value of
Explanation of Solution
Consider
Therefore,
From the standard normal cumulative table given in E.2, the value of Z corresponding to the area equal to 0.35 is
Therefore, the required
Hence, the value of
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Basic Business Statistics, Student Value Edition
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