Question

In: Statistics and Probability

The average number of customers visiting the science center was 800 per day last year and...

The average number of customers visiting the science center was 800 per day last year and the populations standard deviation is 250 customers per day.

1. In a span of a month, i.e. 30 days, write out the distribution of the sample mean

2. What is the probability that the sample mean is over 275 customers per day in a month?

3. What is the probability that the sample mean is less than 275 customers per day in a month?

4. A good month means the average number of customers is more than the average of 95% of the other month. Determine the criteria of a good month.

Solutions

Expert Solution

Solution :

Given that ,

mean = = 800

standard deviation = = 250

n = 30

(1)

sampling distribution of the sample mean

= 800

sampling distribution of the standard deviation

= / n = 250 / 30 = 45.64

(2)

P( >275 ) = 1 - P( <275 )

= 1 - P[( - ) / < (275-800) /250 ]

= 1 - P(z <-2.1 )

Using z table

= 1 - 0.0179

= 0.9821

probability= 0.9821

(3)

P( <275 ) = 1 - P( <275 )

= P[( - ) / < (275-800) /250 ]

= P(z <-2.1 )

Using z table

= 0.0179

probability= 0.0179

(4)

Using standard normal table,

P(Z > z) = 95%

= 1 - P(Z < z) = 0.95

= P(Z < z ) = 1 - 0.95

= P(Z < z ) = 0.05

= P(Z < -1.65 ) = 0.05  

z = -1.65   

Using z-score formula  

= z * +   

= -1.65*45.64+800

= 724.694

= 723


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