Alexander is a stockbroker. He earns 13% commission each week. Last week, he sold $5,300 worth of stocks. How much did he mak
2 answers:
You might be interested in
Answer:
And we can use the normal standard distribution table or excel and with the complement ruler we got:
Step-by-step explanation:
We know the following info given:
represent the true mean
represent the population deviation
represent the sample size selected
Since the sample size is large enough (n>30) we can use the central limit theorem and the sample mean would have the following distribution:
And for this case we want to find this probability:
And we can use the z score formula given by:
And replacing we got:
And we can use the normal standard distribution table or excel and with the complement ruler we got: