Posted by lauren on Saturday, February 16, 2008 at 5:10pm.
mean of sample means = mean of population = 3000
sigma sample means = sigma population/sqrt n
so s sample mean = 400/sqrt(15)
= 103
100/103 = .971 s
so we are interested in between the mean -.971 sigma to the mean +.971 sigma
from tables of normal distribution you can get the probability of being beyond mean +.971 sigma
it is 1-.834 = .166
by symmetry the probability of being below mean -.971 sigma is also .166
so the probability of being above or below the desired range i 2*.166 = .332
so the probability of being within the desired range is
1-.332 = .668 or 67 %
This makes sense because we all know that about 68 % lies within 1 sigma and we are at almost 1 sigma, namely .971 sigma
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