Weekly rental sales per transaction at Enterpremium Inc., have a population mean of $325 with a population standard deviation of $60. This morning, the national manager, Ruebin Sanders, was going to check out his computer to see how many customers are trying to check out the Entrepremium Inc.’s vehicles at that moment. He logged in the computer and saw 36 customers nation-wide trying to rent out cars for a week. But he could not wait until all these customers complete their reservations. So he exercised his probability theory that he learned from his MBA class to figure out the probability of the average rental charge of these 36 customers exceeds $350 ahead of time. Compute the probability that the sample mean will exceed $350?
Weekly rental sales per transaction at Enterpremium Inc., have a population mean of $325 with a population standard deviation of $60. This morning, the national manager, Ruebin Sanders, was going to check out his computer to see how many customers are trying to check out the Entrepremium Inc.’s vehicles at that moment. He logged in the computer and saw 36 customers nation-wide trying to rent out cars for a week. But he could not wait until all these customers complete their reservations. So he exercised his probability theory that he learned from his MBA class to figure out the probability of the average rental charge of these 36 customers exceeds $350 ahead of time. Compute the probability that the sample mean will exceed $350?
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