Question

In: Statistics and Probability

how do you get the answers using a calculator. the answers is 0.9940. my professor gave...

how do you get the answers using a calculator. the answers is 0.9940. my professor gave us  a review with answers but didn't explain the answers. she wrote 2nd VARS (2) normal cdf ( lower, upper, u, sd)

18. In the past, all patrons of a cinema complex have spent an average of $5.00 for popcorn and other snacks, with a standard deviation of $1.80. If a random sample of 32 patrons is taken, what is the probability that the mean expenditure of this sample is greater than $4.20?

Solutions

Expert Solution

Solution :

Given that ,

mean = = 5.00

standard deviation = = 1.80

n = 32

= = 5.00 and

= / n = 1.80 / 32 = 0.3182

P( > 4.20) = 1 - P( < 4.20)

= 1 - P(( - ) / < (4.20 - 5.00) / 0.3182)

= 1 - P(z < -2.51)

= 1 - 0.0060

= 0.9940

Probability = 0.9940


Related Solutions

Hi, I am struggling to understand this worksheet my professor gave us for practice. Could someone...
Hi, I am struggling to understand this worksheet my professor gave us for practice. Could someone make any sense of this? The scenario: Sodium is found largely in the extracellular compartment with concentrations between 130-145 mM with intracellular sodium concentrations between 3.5-5mM. This chemical difference gives sodium a large concentration gradient, which when permitted (by opening of a channel or through facilitated transport) will move down its concentration gradient to enter the cell. Sodium also has a favorable electrical gradient;...
show the student's calculator set-up (using the variables from a financial calculator) and answers for each...
show the student's calculator set-up (using the variables from a financial calculator) and answers for each of the 3 parts in the problem. For part c, give an exact percentage answer and not an approximate answer. Clearly identify your answers to each part. Assume that you just won the state lottery. your prize can be taken either in the form of 40000 at the end of each of the next 25 years (that is 1,000,000 over 25 years) or as...
Please Use TI BAII Plus Calculator and Show How You Get the Answer with it. The...
Please Use TI BAII Plus Calculator and Show How You Get the Answer with it. The Company is evaluating an asset that may increase sales by $120,000 every year for 4 years. There is no expected change in net operating working capital. The company's cost of capital is 6.5%. The proposed asset costs $400,000, will require $20,000 to modify for operations, and falls in the 3-year class MACRS for depreciation rates: .33, .45, .15, and .07 for years 1 through...
Using Arduino , TCNT0 with PWM How do you pick a prescaler and OCR0A to get...
Using Arduino , TCNT0 with PWM How do you pick a prescaler and OCR0A to get a frequency of 1 k Hz
how do you put the equation in the calculator for PH or POH
how do you put the equation in the calculator for PH or POH
In my Global Marketing, my assignment - If I gave you $50,000 in seed money to...
In my Global Marketing, my assignment - If I gave you $50,000 in seed money to create a $100M company. How would you execute? How will you achieve a $100M valuation? I choose as my market to open a boutique geared for the "Maturity Woman" and my product would be affordable but nice dresses/suits. (I'm using Tabots and Chico as examples - only very dressy clothing)
Please show work for how you get answers for a and b. FOR A the answer...
Please show work for how you get answers for a and b. FOR A the answer is -46,247.78 For B the answer is 930,668. Lease or Buy Wolfson Corporation has decided to purchase a new machine that costs $3.2 million. The machine will be depreciated on a straight-line basis and will be worthless after four years. The corporate tax rate is 35 percent. The Sur Bank has offered Wolfson a four-year loan for $3.2 million. The repayment schedule is four...
how do you get the PV factor?
how do you get the PV factor?
how do you get p value
how do you get p value
Plot the function without using a calculator, as you will not have a calculator on the...
Plot the function without using a calculator, as you will not have a calculator on the exams. a. ? = 34 sin ?, from t = 0 to the end of the first cycle only. b. ? = 2sin3?, from t = 0 to the end of the second cycle only. c. ? = 2cos3?, from t = 0 to the end of the second cycle only. d. ? = 2sin??, from t = 0 to the end of the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT