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The owner of a computer repair shop has determined that their daily revenue has mean $7200...

The owner of a computer repair shop has determined that their daily revenue has mean $7200 and standard deviation $1200. The daily revenue totals for the next 30 days will be monitored. What is the probability that the mean daily revenue for the next 30 days will exceed $7500?

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Answer #1

TOPIC:Application of the Central limit theorem to find the required probability.

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