Americans ate an average of
25.7 pounds of confectionery products each last year
and spent an average of $61.50 per person doing so. If
the standard deviation for consumption is 3.75 pounds
and the standard deviation for the amount spent is
$5.89, find the following:
a. The probability that the sample mean confectionary
consumption for a random sample of 40 American
consumers was greater than 27 pounds
b. The probability that for a random sample of 50, the
sample mean for confectionary spending exceeded
$60.00
a. "P(X>27)=1-P(X<27)=1-P(Z<\\frac{27-25.7}{3.76\/\\sqrt{40}})=1-P(Z<2.19)=1-0.9857=0.0143"
b."P(X>60)=1-P(X<60)=1-P(Z<\\frac{60-61.5}{5.89\/\\sqrt{50}})=1-P(Z<-1.8)=1-0.0359=0.9641"
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