In: Statistics and Probability
Suppose the mean wait time for a bus is 30 minutes and the standard deviation is 10 minutes. Take a sample of size n = 100.
Find the probability that the sample mean wait time is between 29 minutes and 31 minutes.
Solution :
Given that ,
mean =  
= 30
standard deviation = 
 = 10
n = 100

= 30

=
  /
n= 10 / 
100= 1
P(29<  
   <31
) = P[(29 - 30) /1 < (
-
) /  
 < (31 - 30) /1 )]
= P( -1< Z < 1)
= P(Z < 1) - P(Z < -1)
Using z table
=0.8413 - 0.1587
probability= 0.6826