Probability average spending of sample spend at least amount, Microeconomics

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Probability average spending of sample spend at least amount

In a recent survey of high school students, it was found that the average amount of money spent on entertainment each week was normally distributed with a mean of $52.30 and a standard deviation of $18.23. Assume that these values are representative of all high school students. The probability is 65% that the average spending of a sample of 25 randomly-selected students will spend at least how much?

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Microeconomics: Probability average spending of sample spend at least amount

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Request for Solution File

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Microeconomics: Probability average spending of sample spend at least amount

Reference No:- TGS040414

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Distributor for a revolutionary bookbag

Q : Show set of efficient trades on edgeworth diagram

Q : Estimating economic order quantity

Q : Prepare the journal entry to record income tax expense

Q : Probability average spending of sample spend at least amount

Q : Show what amount as total capital for the partnership

Q : Margin under activity-based costing

Q : Calculate the "conservatism" index and returns on equity

Q : Determining expected risk-free rate of return

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Probability average spending of sample spend at least amount

Reference No:- TGS040414

Recent Questions Asked Microeconomics

Q : Distributor for a revolutionary bookbag

Q : Show set of efficient trades on edgeworth diagram

Q : Estimating economic order quantity

Q : Prepare the journal entry to record income tax expense

Q : Probability average spending of sample spend at least amount

Q : Show what amount as total capital for the partnership

Q : Margin under activity-based costing

Q : Calculate the "conservatism" index and returns on equity

Q : Determining expected risk-free rate of return

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