Solved

Your Company Is Located in New York City and Your xˉ\bar { x }

Question 26

Short Answer

Your company is located in New York City and your job requires that you travel by air to many other major cities such as Boston,Chicago,Los Angeles,Detroit,Houston,Dallas,Atlanta,Denver,and Washington,DC.Your average round-trip airfare for the past year has been $495 with a standard deviation of $240.If for your next year's planning budget you estimate your average air ticket between $395 and $550,what is the probability that the mean, xˉ\bar { x } ,of your next 36 flights will fall in this range?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents