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In: Economics

Bird’s data analyst wants to model the sample mean distance of scooter rides. They plan to...

Bird’s data analyst wants to model the sample mean distance of scooter rides. They plan to take a random sample of 41 scooter rides and to record the distance traveled on each ride (distance before the rider “releases” the scooter and the charge is processed). They decide it is reasonable to assume that the distribution of distances is approximately normal, but they don’t know the variance of the distribution. In the sample, the mean is 0.54 mile and the standard deviation is 0.1 mile.

If the population mean of the distribution of distances is 0.5, what is the probability that the sample mean will be 0.54 or larger? Four decimals

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Expert Solution

Rahul Sunny answered 2 years ago
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