Customer: "I buy the same items every week and my bill is normally $90.00. Why am I now being charged $108.00 for the exact same
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Remember the cost cannot be a number lesser than zero. so the domain must be such that the total cost C(m) is not negative. Also the range will always be 0.5 and above provided our domain is greater than or equal to zero.
Answer:
The probability that Albert's sample of 64 will have a mean between 13.5 and 16.5 minutes is 0.9973.
Step-by-step explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Let X the random variable that represent interest on this case, and for this case we know the distribution for X is given by:
And let represent the sample mean, the distribution for the sample mean is given by:
On this case
Solution to the problem
We are interested on this probability
If we apply the Z score formula to our probability we got this:
And we can find this probability on this way:
And in order to find these probabilities we can find tables for the normal standard distribution, excel or a calculator.
The probability that Albert's sample of 64 will have a mean between 13.5 and 16.5 minutes is 0.9973.