Previously, De Anza statistics students estimated that the amount of change daytime statistics students carry is exponentially distributed with a mean of $0.88. Suppose that we randomly pick 25 daytime statistics students.
a. In words, Χ = ____________
b. Χ ~ _____(_____,_____)
c. In words, X ¯ = ____________
d. X ¯ ~ ______ (______, ______)
e. Find the probability that an individual had between $0.80 and $1.00. Graph the situation, and shade in the area to be determined.
f. Find the probability that the average of the 25 students was between $0.80 and $1.00. Graph the situation, and shade in the area to be determined.
g. Explain why there is a difference in part e and part f.
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