The daily revenue at a university snack bar has been recorded for the past five years. Records indicate that the mean daily revenue is $2700 and the standard deviation is $400. Suppose that 100 days are randomly selected. What is the probability that the average daily revenue of the sample is between $2600 and $2650?
Group of answer choices
0.0987-0.0517=0.0470
0.4938-0.3944=0.0994
0.4938+0.3944=0.8882
0.0987+0.0517=0.1504
The daily revenue at a university snack bar has been recorded for the past five years....
The daily revenue at a university snack bar has been recorded for the past five years. Records indicate that the mean daily revenue is $2700 and the standard deviation is $400. Suppose that 100 days are randomly selected. What is the probability that the average daily revenue of the sample is higher than $2800? Group of answer choices 0.5+0.0987=0.5987 0.5-0.4938=0.0062 0.5+0.4938=0.9938 0.5-0.0987=0.4013
The daily revenue at a university snack bar has been recorded for the past five years. Records indicate that the mean daily revenue is $1250 and the standard deviation is $500. The distribution is skewed to the right due to several high volume days (football game days) Suppose that 100 days are randomly selected and the average daily revenue computed Which of the following describes the sampling distnibution of the sample mean? O A. O B. normally distributed with a...