You can use standard normal distribution table
Solved Step by Step With Explanation-Calculating Probability with Z-Score
Questions
Solved Step by Step With Explanation-Calculating Probability with Z-Score
Answer.
We want to find P(xˉ<5.70), which is the probability that the mean amount spent on Valentine's gifts for pets in a random sample of 37 pet owners is less than $5.70.
Step 1: Calculate the z-score The z-score formula is:
σ (sigma) is the population standard deviation.
n is the sample size.
(n = 37
Now, calculate the z-score:
So, the calculated z-score is approximately 3.11.
Step 2: Find the probability using the z-score We want to find P(xˉ<5.70), which is equivalent to finding P(Z<3.11), where Z follows a standard normal distribution (mean = 0, standard deviation = 1).
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