Suppose a research firm conducted a survey to determine the mean amount steady smokers spend on cigarettes during a week. A sample of 100 steady smokers revealed that the sample mean is $20. The population standard deviation is $5. What is the probability that a sample of 100 steady smokers spend between $19 and $21?
Group of answer choices
1.0000
0.0228
0.4772
0.9544
Solution :
Given that,
mean = = $20
standard deviation = = $5
= / n = 5 / 100 = 0.5
= P[(19 - 20) / 0.5< ( - ) / < (21 - 20) / 0.5)]
= P(-2 < Z < 2)
= P(Z < 2) - P(Z < -2)
= 0.9772 - 0.0228
= 0.9544
Probability = 0.9544
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