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 $64,500. A random sample of 33 specialists is drawn from this population. What is the probability that the mean salary of the sample is less than $61,500? Assume sigma= $5,500. The probability that the mean salary of the sample is less than $61,500 is . (Round to four decimal places as needed
Solution:
Given that,
mean = =
64500
standard deviation = =
5500
n = 33
= 64500
= (
/
n) = (5500 /
33 ) = 957.4271
p ( < 61500 )
= p ( -
/
) < ( 61500 - 64500 /
957.4271 )
= p ( z < - 3000 / 957.4271 )
= p ( z < - 3.13 )
Using z table
= 0.0009
Probability = 0.0009,