A small hair salon in Denver, Colorado, averages about 30 customers on weekdays with a standard deviation of 6. It is safe to assume that the underlying distribution is normal. In an attempt to increase the number of weekday customers, the manager offers a $2 discount on 5 consecutive weekdays. She reports that her strategy has worked since the sample mean of customers during this 5 weekday period jumps to 35.

Required:
What is the probability to get a sample average of 35 or more customers if the manager had not offered the discount?

Answers

Answer 1

Answer:

0.0314 = 3.14% probability to get a sample average of 35 or more customers if the manager had not offered the discount

Step-by-step explanation:

To solve this question, we need to understand the normal probability distribution and the central limit theorem.

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Central Limit Theorem

The Central Limit Theorem estabilishes that, for a normally distributed random variable X, with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the sampling distribution of the sample means with size n can be approximated to a normal distribution with mean [tex]\mu[/tex] and standard deviation [tex]s = \frac{\sigma}{\sqrt{n}}[/tex].

For a skewed variable, the Central Limit Theorem can also be applied, as long as n is at least 30.

A small hair salon in Denver, Colorado, averages about 30 customers on weekdays with a standard deviation of 6.

This means that [tex]\mu = 30, \sigma = 6[/tex]

5 consecutive weekdays.

This means that [tex]n = 5, s = \frac{6}{\sqrt{5}} = 2.6832[/tex]

What is the probability to get a sample average of 35 or more customers if the manager had not offered the discount?

This is 1 subtracted by the pvalue of Z when X = 35.

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

By the Central Limit Theorem

[tex]Z = \frac{X - \mu}{s}[/tex]

[tex]Z = \frac{35 - 30}{2.6832}[/tex]

[tex]Z = 1.86[/tex]

[tex]Z = 1.86[/tex] has a pvalue of 0.9686

1 - 0.9686 = 0.0314

0.0314 = 3.14% probability to get a sample average of 35 or more customers if the manager had not offered the discount


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Answers

Answer:

28 fish is the correct answer

Step-by-step explanation:.

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The density of the fish is defined as the number of fish per unit volume of the tank.

Given that volume of a fish tank is 70 cubic feet and the density is 0.4 fish over feet cubed.

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Answer:

B

Step-by-step explanation:

Marcus can expect to have red chip 20 times.

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Probability denotes the possibility of the outcome of any random event. The meaning of this term is to check the extent to which any event is likely to happen.

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Answer:

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Answers

Answer:

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Step-by-step explanation:

From the given question,

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Cost of Ice Cream Cones
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Step-by-step explanation:

The model that illustrates the relationship is 4x=10.404x=10.40

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n a study to investigate whether vitamin C will prevent colds, 400 subjects are assigned at random to one of two groups. The experimental group takes a vitamin C tablet daily, while the control group takes a placebo. At the end of the experiment, the researchers calculate the difference between the percentage of subjects in the two groups who were free of colds. This difference is statistically significant (P=0.03) in favor of the vitamin C group.

Answers

Answer:

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The aim of this question is to see if we can infer and conclude that vitamin C has a good impact in preventing colds based on the evidence provided.

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Answers

Answer:

The price per gallon of gas with a $7 car wash is $3.19

Then if you purchase x gallons of gas and also pay for the car wash, the total cost is:

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In the case that you do not pay for the car wash, the cost per gallon is $3.39

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Answers

Answer:

77.43% decrease

Step-by-step explanation:

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Answer:

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