Statistics for Business and Economics
Statistics for Business and Economics
8th Edition
ISBN: 9780132745659
Author: Paul Newbold, William Carlson, Betty Thorne
Publisher: PEARSON
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Suppose a batch of steel rods produced at a steel plant have a mean length of 150 millimeters, and a variance of 100. If 275 rods are sampled at random from the batch, what is the probability that the mean length of the sample rods would differ from the population mean by greater than 0.57 millimeters? Round your answer to four decimal places.
Suppose that SAT scores among U.S. college students are normally distributed with a mean of 500 and a standard deviation of 100. What is the probability that a randomly selected individual from this population has an SAT score between 500 and 600? 0.1587 0.3173 0.4207 0.3413
A random sample of 20 employees was collected from Brac University, to estimate the average daily time they spent on social media. Suppose that the population times have a normal distribution with a mean of 95 minutes and a standard deviation of 23 minutes. a. Find the probability that the sample mean more than 85 minutes.(answer in three decimal places)  b. What is the probability that the sample mean is outside the range of 90 to 100 minutes? (answer in three decimal places)

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Statistics for Business and Economics

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