Essay
The price of a particular brand of jeans has a mean of $37.99 and a standard deviation of $7. A sample of 49 pairs of jeans is selected. Use Excel to answer the following questions.
a.What is the probability that the sample of jeans will have a mean price less than $40?
b.What is the probability that the sample of jeans will have a mean price between $38 and $39?
c.What is the probability that the sample of jeans will have a mean price within $3 of the population mean?
Correct Answer:
Verified
a..97778
=NORM.DIST(40,37.99,1...View Answer
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Correct Answer:
Verified
=NORM.DIST(40,37.99,1...
View Answer
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