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What is the probability of getting a sample average of more

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Reference no: EM131671414

Question: According to Runzheimer International, a typical business traveler spends an average of $281 per day in Chicago. This cost includes hotel, meals, car rental, and incidentals. A survey of 65 randomly selected business travelers who have been to Chicago on business recently is taken. For the population mean of $281 per day, what is the probability of getting a sample average of more than $273 per day if the population standard deviation is $47?

Reference no: EM131671414

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