In Exercises 2–4, the random variable x is normally distributed with mean mu= 18 and standard deviation sigma 7.6
Find each probability.
b. P(0 < x < 5)
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In Exercises 2–4, the random variable x is normally distributed with mean mu= 18 and standard deviation sigma 7.6
Find each probability.
b. P(0 < x < 5)
Use technology to find the standard deviation of the set of 36 sample means. How does it compare with the standard deviation of the ages found in Exercise 5? Does this agree with the result predicted by the Central Limit Theorem?
The per capita disposable income for residents of a U.S. city in a recent year is normally distributed, with a mean of about \$44,000 and a standard deviation of about \(2450. Use this information in Exercises 7–10.
Out of 800 residents, about how many would you expect to have a disposable income of between \)40,000 and \$42,000?
In Exercises 5 and 6, determine whether you can use a normal distribution to approximate the binomial distribution. If you can, use the normal distribution to approximate the indicated probabilities and sketch their graphs. If you cannot, explain why and use a binomial distribution to find the indicated probabilities.
A survey of U.S. undergraduates found that 37% of those attending in-state colleges would prefer to take a job in a different state after graduation. You randomly select 18 U.S. undergraduates attending in-state colleges. Find the probability that the number who would prefer to take a job in a different state after graduation is (a) exactly 7. Identify any unusual events. Explain.
In Exercises 2–4, the random variable x is normally distributed with mean mu= 18 and standard deviation sigma 7.6
Find the value of x that has 88.3% of the distribution’s area to its left.
During a recent period of one year, the mean percent increase in value on Wednesdays of the cryptocurrency Dogecoin was 7.46%, with a standard deviation of 53.47%. Random samples of size 50 are drawn from this population and the mean of each sample is determined. (Source: Crypto Indicators)
c. What is the probability that the mean percent increase for a given sample is between −10% and 30%?