The average cost per household of owning a brand new car is 5000. Suppose that we randomly selected 40 household, determine the probability that the sample mean for these 40 households is more that...


The average cost per household of owning a brand new car is 5000. Suppose that we randomly selected 40 household, determine the probability that the sample mean for these 40 households is more that 5350? Assure the variable is normally distributed and the standard deviation is 1230.



Jun 06, 2022
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