4.37 What is the probability that the mean for a random sample of 144 accounts receivable drawn from a population of 2000 accounts with a mean of $10,000 and a standard deviation of $4000 will be between $9500 and $10,500? Ans. 0.8812, or 88.12%

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.3: Special Probability Density Functions
Problem 8E
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4.37
What is the probability that the mean for a random sample of 144 accounts receivable drawn from a
population of 2000 accounts with a mean of $10,000 and a standard deviation of $4000 will be between
$9500 and $10,500?
Ans. 0.8812, or 88.12%
Transcribed Image Text:4.37 What is the probability that the mean for a random sample of 144 accounts receivable drawn from a population of 2000 accounts with a mean of $10,000 and a standard deviation of $4000 will be between $9500 and $10,500? Ans. 0.8812, or 88.12%
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