Given that the data below was randomly selected from a lognormal distribution. What is the probability of the average of 39 randomly selected items being greater than 22.1? The data below is the complete SAMPLED data set. WE TOOK A SAMPLE FROM THE TOTAL POPULATION. YOU DO NOT GET ANY MORE DATA POINTS. IF YOU DON'T KNOW HOW TO SOLVE THIS, MOVE ON.
The question screen shot and answer is below. (Answer is 0.9755422) Please show how to arrive at this.
from minitab the descriptive statistics of this data is
Variable N N* Mean SE Mean StDev Minimum Q1 Median Q3
Maximum
x 7 0 40.1 21.5 57.0 0.0 0.1 11.0 120.0 125.3
since the population is lognormally distributrd
P(x> 22.1) =
P(x> 22.1) =
P(x> 22.1) = =
P ( Z>−1.97127 )=P ( Z<1.97127 )=0.9755 (from z table )
Given that the data below was randomly selected from a lognormal distribution. What is the probability...
Given that the data below was randomly selected from a lognormal distribution. What is the probability of the average of 39 randomly selected items being less than 3.9? Give your answer to 3 decimal places. Data 8.4, 2.49, 4.84, 6.08, 1.09, 1.05, 8.64, 2.92
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