3. Suppose that the average outstanding credit card balance for your professionals is 11,200 with a standard deviation of 2,600. In a simple random of 150 young professionals, what isnthe probability that

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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3. Suppose that the average outstanding
credit card balance for your professionals
is 11,200 with a standard deviation of
2,600. In a simple random of 150 young
professionals, what isnthe probability that
the mean outstandingcredit card balance
does not exceeds 12,300?
Transcribed Image Text:3. Suppose that the average outstanding credit card balance for your professionals is 11,200 with a standard deviation of 2,600. In a simple random of 150 young professionals, what isnthe probability that the mean outstandingcredit card balance does not exceeds 12,300?
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