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The average price of a college math textbook is $158 and the standard deviation is $26. Suppose that 40 textbooks are randomly chosen. Round all answers to 4 decimal places where possible.
What is the distribution of ¯xx¯? ¯xx¯ ~ N(,)
For the group of 48, find the probability that the average price is between $153 and $155.
Find the first quartile for the average textbook price for this sample size. $ (round to the nearest cent)
For part b), is the assumption that the distribution is normal necessary? Yes No
Please only answer if you are able to answer correctly and entirely.

Respuesta :

The probability that the average price is between $153 and $155 is 0.04.

What is the probability?

Probability refers to a possibility that deals with the occurrence of random events.

The probability of all the events occurring need to be 1.

The average price of a math textbook =$158

The standard deviation =$26

The mean= 158

n =number of textbooks randomly chosen which is 40

n=10

Then

σ = 26

σₓ = σₓ/√n

= 26/√40

Therefore. σₓ² = 16.90

For the group of 48, find the probability that the average price is between $153 and $155.

The probability that the average price is between $153 and $155

= 0.04

Learn more about probability here;

https://brainly.com/question/11234923

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