How does central limit theorem apply to this problem

Assignment Help Basic Statistics
Reference no: EM132167310

Suppose the amounts people spend at the grocery store have a mean of $55 and standard deviation of $12. In a random sample of 36 people, find the probability that the average amount spent is more than $61.50. How does central limit theorem apply to this problem?

Reference no: EM132167310

Questions Cloud

What are correlations and how do they work : What are correlations and how do they work? What different types of correlations exist?
Significance level using sample statistics : Use a chi X2-test to test the claim sigma squared equals 0.42 at the alpha equals 0.10 significance level using sample statistics s squared equals
Find the probability that you make your : Find the probability that you (a) make your first sale on the fifth call, (b) make your first sale on the first
Use the four steps of hypothesis testing : a) Use the four steps of hypothesis testing b) Illustrate the distributions involved
How does central limit theorem apply to this problem : In a random sample of 36 people, find the probability that the average amount spent is more than $61.50. How does central limit theorem apply to this problem?
What is the value of the appropriate test statistic : Assuming that the population variances are not equal, what is the value of the appropriate test statistic?
Describe the current events : How do you feel that the media perpetuates discrimination and/or stratification based on race, gender, and class?
Find the temperature which is exceeded by the high tempature : Find the temperature which is exceeded by the high tempature 90% of the days in august.
How do you calculate calculate mean : How do you calculate calculate mean, median, and mode for the categories of data, and derive the deviation, variance, and dispersion, and distribution?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd