A Newspaper store checks out an average of u = 320 papers per day, with a standard deviation of ó=75 newspapers. Consider a sample of 30 days of operation, with x being the sample mean number of newspapers checked out per day.
- What is the shape of the sampling distribution of x? Why?
- What is the standard deviation of x?
- What is the probability that the sample mean for the 30 days will be between 300 and 340 newspapers?
- What is the probability the sample mean will show 325 or more books checked out?