Write an equation to model this situation. Then use your equation to solve. Jack has saved $16.50 to spend on the fair ride tick
1 answer:
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Answer:
By the Central Limit Theorem, the distribution of the sample means is approximately normal with mean 41 and standard deviation 2.92, in thousands of dollars.
Step-by-step explanation:
Central Limit Theorem
The Central Limit Theorem establishes that, for a normally distributed random variable X, with mean and standard deviation
, the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean
and standard deviation
.
For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.
Mean of 41, standard deviation of 28:
This means that
Sample of 92:
This means that
Distribution of the sample means:
By the Central Limit Theorem, the distribution of the sample means is approximately normal with mean 41 and standard deviation 2.92, in thousands of dollars.