subject
Mathematics, 16.03.2020 18:22 joshlynn52

Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a certain article, the mean of the x distribution is about $48 and the estimated standard deviation is about $7.

(a) Consider a random sample of n = 60 customers, each of whom has 10 minutes of unplanned shopping time in a supermarket. From the central limit theorem, what can you say about the probability distribution of x, the average amount spent by these customers due to impulse buying? What are the mean and standard deviation of the x distribution?

The sampling distribution of x is approximately normal with mean μx = 48 and standard error σx = $0.12. The sampling distribution of x is approximately normal with mean μx = 48 and standard error σx = $7. The sampling distribution of x is not normal. The sampling distribution of x is approximately normal with mean μx = 48 and standard error σx = $0.90.

Is it necessary to make any assumption about the x distribution? Explain your answer.

It is necessary to assume that x has an approximately normal distribution. It is not necessary to make any assumption about the x distribution because μ is large. It is necessary to assume that x has a large distribution. It is not necessary to make any assumption about the x distribution because n is large.
(b) What is the probability that x is between $46 and $50? (Round your answer to four decimal places.)
(c) Let us assume that x has a distribution that is approximately normal. What is the probability that x is between $46 and $50? (Round your answer to four decimal places.)
(d) In part (b), we used x, the average amount spent, computed for 60 customers. In part (c), we used x, the amount spent by only one customer. The answers to parts (b) and (c) are very different. Why would this happen?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 18:30
Iam a rectangle. my perimeter is 60 feet. how much are do i cover?
Answers: 1
question
Mathematics, 21.06.2019 19:10
What are the coordinates of the point that is 1/3 of the way from a to b? a (2,-3) b (2,6)
Answers: 3
question
Mathematics, 21.06.2019 20:00
Aclothing store has the sign shown in the shop window. pani sees the sign and wants to buy 3 shirts and 2 pairs of jeans. the cost of each shirt before the discount is $12, and the cost of each pair of jeans is $19 before the discount. write and simplify an expression to find the amount pani pays if a $3 discount is applied to her total
Answers: 2
question
Mathematics, 21.06.2019 22:00
Billie holiday sells children's clothing for sara vaughn's toddler shop. baby blankets sell for $29.99 after a markup rate based on cost of 109%. find the cost and the markup.
Answers: 2
You know the right answer?
Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) sho...
Questions
Questions on the website: 13722363