Question:A consumer price analyst claims that prices for liquid crystal
display (LCD) computer monitors have a...
Question
A consumer price analyst claims that prices for liquid crystal
display (LCD) computer monitors have a...
A consumer price analyst claims that prices for liquid crystal
display (LCD) computer monitors have a mean of $ 200 and a standard
deviation of $ 50.
1. What is the probability that a randomly selected LCD
computer monitor costs less than $ 210? Assume here that the prices
are normally distributed.
2. You randomly selected 16 LCD compute monitors. What is the
probability that their mean cost is less than $ 210? Assume here
that the prices are normally distributed
3. You randomly selected 49 LCD compute monitors. What is the
probability that their mean cost is less than $ 210?