9.13 Chapter 9: Section Exercises (Example 30) Income in Maryland According to a 2018 Money magazine article, Maryland has one of the highest per capita incomes in the United States, with an average income of $75,847. Suppose the standard deviation is $32,000 and the distribution is right-skewed. A random sample of 100 Maryland residents is taken. a. Is the sample size large enough to use the Central Limit Theorem for means? Explain. b. What would the mean and standard error for the sampling distribution? c. What is the probability that the sample mean will be more than $3200 away from the population mean?
9.13 Chapter 9: Section Exercises (Example 30) Income in Maryland According to a 2018 Money magazine article, Maryland has one of the highest per capita incomes in the United States, with an average income of $75,847. Suppose the standard deviation is $32,000 and the distribution is right-skewed. A random sample of 100 Maryland residents is taken. a. Is the sample size large enough to use the Central Limit Theorem for means? Explain. b. What would the mean and standard error for the sampling distribution? c. What is the probability that the sample mean will be more than $3200 away from the population mean?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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what is the probability that one randomly selected person will have average income between $72000 and $77000?
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