{"id":10196,"date":"2021-10-21T11:27:42","date_gmt":"2021-10-21T11:27:42","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/a-what-is-the-probability-that-the-mean-price-for-a-sample-of\/"},"modified":"2021-10-21T11:27:42","modified_gmt":"2021-10-21T11:27:42","slug":"a-what-is-the-probability-that-the-mean-price-for-a-sample-of","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/a-what-is-the-probability-that-the-mean-price-for-a-sample-of\/","title":{"rendered":"A) what is the probability that the mean price for a sample of"},"content":{"rendered":"<div>\n<p><span>The mean preparation fee H&amp;R Block charged retail customers in 2012 was $183. Use this price as the population means and assume the population standard deviation of preparation fees is $50.<\/span><\/p>\n<p><span><span>a)<span>\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><span>What is the probability that the mean price for a sample of 30 H&amp;R Block retail customers is within $8 if the population mean?<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span><span>b)<span>\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><span>What is the probability that the mean price for a sample of 50 H&amp;R Block retail customers is within $8 of the population mean?<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span><span>c)<span>\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><span>What is the probability that the mean price for a sample of 100 H&amp;R Block retail customers is within $8 of the population mean?<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span><span>d)<span>\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><span>Which, if any, of the sample sizes in parts a, b,and c would you recommend to have at least a .95 probability that the sample mean is within $8 of the population mean?<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" name=\"_GoBack\"><span>\u00a0<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The mean preparation fee H&amp;R Block charged retail customers in 2012 was $183. Use this price as the population means and assume the population standard deviation of preparation fees is $50. a)\u00a0\u00a0\u00a0\u00a0\u00a0 What is the probability that the mean price for a sample of 30 H&amp;R Block retail customers is within $8 if the population [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-10196","post","type-post","status-publish","format-standard","hentry","category-homework-help"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/10196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=10196"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/10196\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=10196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=10196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=10196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}