Q18 There are about 11,000 Aldis grocery stores, the mean price of milk was $2.95 per gallon and the standard deviation
Posted: Tue Apr 26, 2022 5:54 pm
Q18
There are about 11,000 Aldis grocery stores, the mean price of
milk was $2.95 per gallon and the standard deviation was $0.41. A
random sample of 615 stores is drawn from the population of Aldis
stores.
a) Do we need to apply the finite correction
factor?
b) What is the standard error of the
mean?
(Apply the FCF as needed and round your answer to 4 decimal
places)
c) What is the probability that the mean price per gallon
in my sample is less than $2.92?
(Round your answer to 4 decimal places)
There are about 11,000 Aldis grocery stores, the mean price of
milk was $2.95 per gallon and the standard deviation was $0.41. A
random sample of 615 stores is drawn from the population of Aldis
stores.
a) Do we need to apply the finite correction
factor?
b) What is the standard error of the
mean?
(Apply the FCF as needed and round your answer to 4 decimal
places)
c) What is the probability that the mean price per gallon
in my sample is less than $2.92?
(Round your answer to 4 decimal places)