The average lifetime of a light bulb is 3,000 hours with a standard deviation of 696 hours. A simple random sample of 36 bulbs is taken.
a.What are the expected value, standard deviation, and shape of the sampling distribution of ?b.What is the probability that the average life in the sample will be between 2,670.56 and 2,809.76 hours?c.What is the probability that the average life in the sample will be greater than 3,219.24 hours?d.What is the probability that the average life in the sample will be less than 3,180.96 hours?

What will be an ideal response?



a.3,000; 116; normal
b.0.0482
c.0.0294
d.0.9406

Business

You might also like to view...

In facility location decision making, the educational and skill levels of the labor pool must match the company's needs.

Answer the following statement true (T) or false (F)

Business

The use of rule-of-thumb measures is superior to comparison of financial measures or ratios of the same company over a period of time

Indicate whether the statement is true or false

Business

A company enters into a futures contract with the intent of hedging an account payable of DM350,000 due on December 31 . The contract requires that if the U.S. dollar value of DM350,000 is greater than $175,000 on December 31 . the company will be required to pay the difference. Alternatively, if the U.S. dollar value is less than $175,000, the company will receive the difference. Which of the

following statements is correct regarding this contract? a. The Deutsche mark futures contract effectively hedges against the effect of exchange rate changes on the U.S. dollar value of the Deutsche mark payable. b. The futures contract is a contract to buy Deutsche marks at a fixed price. c. The futures contract is a contract to sell Deutsche marks at a fixed price. d. The contract obligates the company to pay if the value of the U.S. dollar increases.

Business

What form of business defamation arises when an unfair and untrue oral statement is made about a competitor?

A) business libel B) reciprocity C) bribery D) puffery E) business slander

Business