In: Statistics and Probability
Based on a survey, workers in Ontario earn an average of $60,000 per year with a known standard deviation of $6000. In an attempt to verify this salary level, a random sample of 36 workers in Ontario was selected. Let X represent the mean salary of these 36 workers.
a) Describe the sampling distribution of X.
b) Calculate the probability that X is between 58,500 and 63,000.
c) What is the 90th percentile for X.
a) The sampling distribution of X is Normally distributed with mean 60000 and standard deviation 1000
b) The probability that X is between 58,500 and 63,000 is 0.9319
c) The 90th percentile for X is 61281.55 61282