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jyow6688
28.11.2020 •
Mathematics
Souvenir hats, t-shirts, and jackets are sold at a rock concert. Two hats, two t-shirts, and one jacket cost $141. Three hats, three t-shirts, and two jackets cost $239. One hat, three t-shirts, and three jackets cost $262. Find the prices of the individual items.
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Ответ:
The probability that the mean amount of credit card debt in a sample of 1600 such households will be within $300 of the population mean is roughly 0.907 = 90.7%.
Step-by-step explanation:
To solve this question, we have to understand the normal probability distribution and the central limit theorem.
Normal probability distribution:
Problems of normally distributed samples are solved using the z-score formula.
In a set with mean
and standard deviation
, the zscore of a measure X is given by:
The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.
Central limit theorem:
The Central Limit Theorem estabilishes that, for a random variable X, with mean
and standard deviation
, a large sample size can be approximated to a normal distribution with mean
and standard deviation ![s = \frac{\sigma}{\sqrt{n}}](/tpl/images/0530/5838/a95e6.png)
In this problem, we have that:
The probability that the mean amount of credit card debt in a sample of 1600 such households will be within $300 of the population mean is roughly
This probability is the pvalue of Z when X = 1600 + 300 = 1900 subtracted by the pvalue of Z when X = 1600 - 300 = 1300. So
X = 1900
By the Central Limit Theorem
X = 1300
0.9535 - 0.0465 = 0.907.
The probability that the mean amount of credit card debt in a sample of 1600 such households will be within $300 of the population mean is roughly 0.907 = 90.7%.