Suppose that the average outstanding credit card balance for young professionals is 11,200 with a standard deviation of 2,600. In a simple random sample of 150 young professionals, what is the probability that the mean outstanding credit card balance does not exceed 12,300.
Suppose that the average outstanding credit card balance for young professionals is 11,200 with a standard deviation of 2,600. In a simple random sample of 150 young professionals, what is the probability that the mean outstanding credit card balance does not exceed 12,300.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section: Chapter Questions
Problem 11MCQ
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Central Limit Theorem
Suppose that the average outstanding credit card balance for young professionals is 11,200 with a standard deviation of 2,600. In a simple random sample of 150 young professionals, what is the probability that the
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