Probability that average price for shimano mountain biike

Assignment Help Basic Statistics

Reference no: EM131372260

Shimano mountain bikes are displayed in chic clothing boutiques in Milan, Italy, and the average price for the bike in the city is $700. Suppose that the standard deviation of bike prices is $100.

If a random sample of 60 boutiques is selected, what is the probability that the average price for a Shimano mountain bike in this sample will be between $680 and $720?

Reference no: EM131372260

Questions Cloud

Determine the sampling distribution of the new statistic : You are unable to assume any theoretical results such as the central limit theorem. Discuss how you would empirically determine the sampling distribution of the new statistic.

What is probability that fewer than given percent of people : Assuming Citicorp's advertisement is correct, what is the probability that fewer than 10% of the people in your sample will be found to have been hospitalized (at least once) during the year? Explain.

Theoretical analysis of implications for economic growth : The assignment consists of writing a mini-paper that analyzes economic growth in one country empirically. The assignment should consist both: Theoretical analysis of implications for economic growth and Empirical analysis of implications for economic..

Difference in functional conflict and dysfunctional conflict : Briefly describe each of the following communication flows: downward, upward, and lateral. What does each type of flow accomplish in an organization? What are the six forms of position power and the four forms of personal power? Briefly describe each..

Probability that average price for shimano mountain biike : If a random sample of 60 boutiques is selected, what is the probability that the average price for a Shimano mountain bike in this sample will be between $680 and $720?

Derive expressions for the magnitude and angular location : Derive expressions, in general terms, for the magnitude and angular location with respect to the first crank throw, of the mass-radius products needed on the crankshaft to balance the shaking moment in a 90° vee-eight engine with a 0, 90, 270, 180..

Process view of distributive justice and end-state view : What is the difference between a process view of distributive justice and an end-state view? Discuss the meaning and problems associated with using the end-state view criteria of merit, achievement, effort, and contribution.

Design 3-liter versions of each dynamics : Design 3-liter versions of each and compare their dynamics. Write a report that explains why the manufacturer chose these arrangements and justify your conclusions with sound engineering analysis.

Freestanding restaurant and a hotel restaurant : Compare and contrast a freestanding restaurant and a hotel restaurant to differentiate them (in terms of demographics served, traffic patterns, etc.).

User Account

All Pages