In: Statistics and Probability
Solution :
Given that,
mean =
= $ 25
standard deviation =
= $ 6
n = 200
a)
=
= $ 25
=
/
n = 6 /
200 = 0.424
b) P(24.00 <
< 25.50)
= P[(24.00 - 25) / 0.424 < (
-
)
/
< (25.50 - 25) / 0.424)]
= P(-2.36 < Z < 1.18)
= P(Z < 1.18) - P(Z < -2.36)
Using z table,
= 0.8810 - 0.0091
= 0.8719
c) P(
24.50) = 1 - P(
24.50)
= 1 - P[(
-
) /
(24.50 - 25) / 0.424 ]
= 1 - P(z
-1.18)
Using z table,
= 1 - 0.1190
= 0.8810