The mean annual income for people in a certain city (in thousands of dollars) is 41, with a standard deviation of 34. A pollster draws a sample of 58 people to interview.
What is the probability that the sample mean income is between 38 and 44 (thousands of dollars)?

Respuesta :

Answer:

[tex]P(38<\bar X<44)=0.498[/tex]  

Step-by-step explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Let X the random variable that represent interest on this case, and for this case we know the distribution for X is given by:

[tex]X \sim N(\mu=41,\sigma=34)[/tex]  

And let [tex]\bar X[/tex] represent the sample mean, the distribution for the sample mean is given by:

[tex]\bar X \sim N(\mu,\frac{\sigma}{\sqrt{n}})[/tex]

On this case  [tex]\bar X \sim N(41,\frac{34}{\sqrt{58}})[/tex]

We are interested on this probability

[tex]P(38<\bar X<44)[/tex]  

If we apply the Z score formula to our probability we got this:

[tex]P(38<\bar X<44)=P(\frac{38-\mu}{\frac{\sigma}{\sqrt{n}}}<\frac{X-\mu}{\frac{\sigma}{\sqrt{n}}}<\frac{44-\mu}{\frac{\sigma}{\sqrt{n}}})[/tex]

[tex]=P(\frac{38-41}{\frac{34}{\sqrt{58}}}<Z<\frac{44-41}{\frac{34}{\sqrt{58}}})=P(-0.672<z<0.672)[/tex]

And we can find this probability on this way:

[tex]P(-0.672<z<0.672)=P(z<0.672)-P(z<-0.672)[/tex]

And in order to find these probabilities we can find tables for the normal standard distribution, excel or a calculator.  

[tex]P(-1.2<z<2.35)=P(z<2.35)-P(z<-1.2)=0.749-0.251=0.498[/tex]