Use CLT to find the µx and ox? Find the z-score that corresponds t- x =$265,000 Find the cumulative area that corresponds to the Z-score and calculate the probability. Interpret the results.
Use CLT to find the µx and ox? Find the z-score that corresponds t- x =$265,000 Find the cumulative area that corresponds to the Z-score and calculate the probability. Interpret the results.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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Please answer parts C and D using EXCEL:
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Step 1: Given information
VIEWStep 2: a) To calculate mean and standard deviation of sample mean
VIEWStep 3: b) Calculate z-score corresponds to $265000
VIEWStep 4: c) Obtain the cumulative area that corresponds to z-score and calculate the probability.
VIEWStep 5: d) Interpret the result
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