In: Statistics and Probability
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.
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