Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

Finding probability value using normal approximation for the given data.

Find out the specified probability, from a table of Normal probabilities. A restaurant's receipts show that the cost of customers' dinners has a skewed distribution with a mean of $54 and a standard deviation of $18. What is the probability that the next 100 customers would spend an average of less than $56 on dinner?

a.0.1552

b.0.4558

c.0.1335

d.0.5442

e.0.8665

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923105

Have any Question? 


Related Questions in Statistics and Probability

Risk taking is an important part of investing in order to

Risk taking is an important part of investing. In order to make suitable investment decisions on behalf of their customers, portfolio managers give a questionnaire to new customers to measure their desire to take financi ...

1 what is a factorial design why are factorial designs used

1. What is a factorial design? Why are factorial designs used more frequently than one-way designs? 2. How many independent variables are involved in a 3 x 3 factorial design? How many levels are there of each variable? ...

There are 1000 students in a high school among the 1000

There are 1000 students in a high school. Among the 1000 students, 150 students take AP Statistics, and 300 students take AP French. 100 students take both AP courses. Let S be the event that a randomly selected student ...

An airline company is considering a new policy of booking

An airline company is considering a new policy of booking as many as 158 persons on an airplane that can seat only 160. (Past studies have revealed that only 90% of the booked passengers actually arrive for the flight.) ...

John is an avid fisherman and wants to know if there is a

John is an avid fisherman and wants to know if there is a correlation between the amount of time he spends fishing and the amount of fish he catches. He decided to keep track of the time he spent at the lake and the amou ...

A buyer suspects that the factorys claimed life of mean is

A buyer suspects that the factory's claimed life of mean is 3000 hours for these light balls are too high. To check the claim, the factory tests 50 of these light balls and gets a mean lifetime of sample mean = 2988 hour ...

A study found that consumers spend an average of 24 per

A study found that consumers spend an average of $24 per week in cash without being aware of where it goes. Assume that the amount of cash spent without being aware of where it goes is normally distributed and that the s ...

Relate the content of this video to the industry segment of

Relate the content of this video to the Industry segment of the external environment by describing which of Porter's Five Competitive Forces is the focus of Outsell Consulting's value proposition? What is the nature of t ...

An analyst from an energy research institute in california

An analyst from an energy research institute in California wishes to precisely estimate the 99% confidence interval for the average price of unleaded gasoline in the state. In particular, she does not want the sample mea ...

Module assignmentthe paired data below consists of test

Module Assignment The paired data below consists of test scores and hours of preparation for 5 randomly selected students. Use this data set to answer the questions below: x Hours of preparation   5    2    9   6   10 y ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro