An audit finds that the dollar amounts of invoices have a mean of $1,662 and a standard deviation of $302. What is the probability that for a sample of 50 invoices, the average invoice is less than $1,550? a. 0.040 b. 0.9956 c. None of the suggested answers are correct d. 0.437 e. 0.0044

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 23PFA
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An audit finds that the dollar amounts of invoices have a mean of $1,662 and a standard deviation of $302. What is the probability that for a sample of 50 invoices, the average invoice is less than $1,550?

a.

0.040

b.

0.9956

c.

None of the suggested answers are correct

d.

0.437

e.

0.0044

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