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Barrons reported that the average number of weeks an individual is unemployed is 17.5 weeks. Assume that for the population


b. What is the probability that a simple random sample of 70 unemployed individuals will provide a sample mean within 1 week
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Answer #1

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P values from Excel

=Norm.s.dist(z, cumulative)

=norm.s.dist (2.79,1)

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