Sampling Distribution of the Sample Mean (Examples)
- Suppose the amount of spaghetti sauce in glass jars has a normal
distribution with a mean of 850 g and a standard deviation of 12
grams.
- What is the probability that a randomly selected jar contains
more than 860g of sauce?
- What is the probability that a sample of 9 jars has a mean of more than
860 grams of sauce?
- Suppose returns from investments have a mean of 7% with a standard deviation of 2%.
- What is the probability that 25 investors have an average return of more than 8%?
- Assume the information in this problem came from your
broker. What assumption would you make if a random sample of 25
investors yielded a mean return of more than 8%?
- A weather report claims the mean high temperature during the
summer in Columbia, SC is 90 degrees (F). Suppose the standard
deviation is known to be 3 degrees (F).
- Do you believe the report if a sample of 30 temperatures during
the summer yields an average of 91.4 degrees?
- What is your opinion if the sample of 30 temperatures yields an
average of no more than 89.5 degrees?
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