Mathematics, 14.07.2020 02:01 njimenez1231
Could you please check my work? Scenario: A study found that citizens spend on average $1950 per year on groceries with a standard deviation of $400. Assume that the variable is normally distributed. --> Find the probability that a sample of 50 citizens will have a mean less than $2000. z-score = (2000-1950)/[(400)/(β50)] = 50/56.569 = 0.88 probability = 0.3106 (according to z-table) 0.5 - 0.3106 = 0.1894 or 18.94% (I'm always confused about whether I should add or subtract from the 0.5, as I'm dealing with a half-distribution z-table)
Answers: 2
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Could you please check my work? Scenario: A study found that citizens spend on average $1950 per yea...
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