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Your Company Is Located in New York City and Your xˉ\bar { x }

Question 97

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Your company is located in New York City and your job requires that you travel by air to many other major cities such as Boston,Chicago,Los Angeles,Detroit,Houston,Dallas,Atlanta,Denver,and Washington,DC.Your average round-trip airfare for the past year has been $495 with a standard deviation of $240.If for your next year's planning budget you estimate your average air ticket between $395 and $550,what is the probability that the mean, xˉ\bar { x } ,of your next 36 flights will fall in this range?

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