In: Statistics and Probability
Find the probability and interpret the results. If convenient, use technology to find the probability. The population mean annual salary for environmental compliance specialists is about $61,000. A random sample of 43 specialists is drawn from this population. What is the probability that the mean salary of the sample is less than $ 59,000? Assume σ= $6,100.
The probability that the mean salary of the sample is less than $59,000 is ____ (Round to four decimal places as needed.)
Interpret the results. Choose the correct answer below.
A . About 15.8 % of samples of 43 specialists will have a mean salary less than $59,000. This is not an unusual event.
B. Only 15.8 % of samples of 43 specialists will have a mean salary less than $59,000. This is an unusual event.
C.Only 1.58 % of samples of 43 specialists will have a mean salary less than $59,000. This is an unusual event.
D.About 1.58 % of samples of 43 specialists will have a mean salary less than $59,000. This is not an unusual event.
µ = 61000
σ = 6100
n= 43
left tailed
X ≤ 59000
Z = (X - µ )/(σ/√n) = -2.150
P(X ≤ 59000 ) = P(Z ≤
-2.150 ) = 0.0158 or 1.58%
excel formula for probability from z score is =NORMSDIST(Z)
The probability that the mean salary of the sample is less than $59,000 is 0.0158
About 1.58 % of
samples of 43 specialists will have a mean salary less than
$59,000. This is not an unusual event
[because probability is greater than 5%]