In: Statistics and Probability
The average teacher's salary in X-city is $37,230. Assume a normally distribution with standard deviation of the population of $5,100. For a sample of 75 teachers, what is the probability that the sample mean is less than $38,000? 0.1245 0.0934 0.4782 0.9066
Solution :
Given that ,
mean =
= 37230
standard deviation =
= 5100
n = 75
= 37230 and
=
/
n = 5100 /
75 = 588.8973
P(
< 38000) = P((
-
) /
< (38000 - 37230) / 588.8973)
= P(z < 1.32)
Using standard normal table,
P(
< 38000) = 0.9066
Probability = 0.9066