Find the indicated probability and interpret the result. From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 652. A random sample of 35 years is selected from this population. What is the probability that the mean gain for the sample was between 500 and 800? Assume a = 1541. The probability is (Round to four decimal places as needed.)

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
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Find the indicated probability and interpret the result.
From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 652. A random sample of 35 years is selected from this population. What is the probability that the mean gain for the sample was between 500 and 800? Assume o = 1541.
The probability is
(Round to four decimal places as needed.)
C
Transcribed Image Text:Find the indicated probability and interpret the result. From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 652. A random sample of 35 years is selected from this population. What is the probability that the mean gain for the sample was between 500 and 800? Assume o = 1541. The probability is (Round to four decimal places as needed.) C
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