In: Statistics and Probability
The amount of time a bank teller spends with each customer has a population mean, mu, of 2.80 minutes and a standard deviation, sigma, of 0.40 minute. Complete parts (a) through (d).
d.) If you select a random sample of 64 customers, there is an 83% chance that the sample mean is less than how many minutes?
solution:
Given that,
mean = = 2.80
standard deviation = = 0.40
n = 64
= 2.80
= / n = 0.40/ 64=0.05
Using standard normal table,
P(Z < z) = 83%
= P(Z < z) = 0.83
z =0.95
Using z-score formula
= z * +
= 0.95 *0.05+2.80
= 2.8475 minutes
if we rounded this answer so answer will be 3 minutes