In: Statistics and Probability
Suppose samples of size 100 are drawn randomly from a population of size 1000 and the population has a mean of 20 and a standard deviation of 5. What is the probability of observing a sample mean equal to or greater than 21?
Solution:
Given that,
= 20
= 5
n = 100
So,
= 20
= (
/
n) = (5/
100 ) = 0.5
p (
21 )
= 1 - p (
21 )
= 1 - p ( -
/
)
? ( 21- 20 / 0.5)
= 1 - p ( z ?
1 /0.5)
= 1 - p ( z
? 2)
Using z table
= 1 - 0.9772
= 0.0228
Probability = 0.0228