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Quiz 7
Quiz 7
1. A consumer price analyst claims that prices for LCD computer monitors are normally
distributed with mean $200 and standard deviation $50. Assume you randomly select 25
computer monitors.
(b) What is the probability that the mean cost is more than $210? You can leave the
final answer in Φ(·) notation, or equivalently, P (Z ≤ ·).
2. Let Xi represent the number of packages mailed out by a randomly selected customer at a
shipping center. Consider the following joint pmf:
X2
1 2 3
1 0.25 0.15 0.1
X1 2 0.15 0.09 0.06
3 0.1 0.06 0.04