Finding Probabilities for Sampling Distributions In Exercises 29–32, find the indicated probability and interpret the results.


Dow Jones Industrial Average From 1975 through 2020, the mean annual gain of the Dow Jones Industrial Average was 652. A random sample of 32 years is selected from this population. What is the probability that the mean gain for the sample was between 400 and 700? Assume sigma=1540

In Exercises 55–60, find the indicated probabilities and interpret the results.

The mean annual salary for Level 1 actuaries in the United States is about $72,000. A random sample of 45 Level 1 actuaries is selected. What is the probability that the mean annual salary of the sample is (b) more than $68,000? Assume sigma = $11,000.

In Exercises 55–60, find the indicated probabilities and interpret the results.

The mean annual salary for physical therapists in the United States is about $87,000. A random sample of 50 physical therapists is selected. What is the probability that the mean annual salary of the sample is (a) less than $84,000? Assume sigma = $10,500.

A certain stock's daily percent return on Fridays has a mean of 3.12% and a standard deviation of 41.25%. If random samples of 40 days are selected and the mean return for each sample is calculated, what is the probability that a sample mean is greater than 17%?

Graphical Analysis In Exercises 9 and 10, the graph of a population distribution is shown with its mean and standard deviation. Random samples of size 100 are drawn from the population. Determine which of the figures labeled (a)–(c) would most closely resemble the sampling distribution of sample means. Explain your reasoning.

The waiting time (in seconds) to turn left at an intersection

Finding Probabilities for Sampling Distributions In Exercises 29–32, find the indicated probability and interpret the results.

Asthma Prevalence by State The mean percent of asthma prevalence of the 50 U.S. states is 9.51%. A random sample of 30 states is selected. What is the probability that the mean percent of asthma prevalence for the sample is greater than 10%? Assume sigma=1.17%

Which Is More Likely? Assume that the fertility rates in Exercise 32 are normally distributed. Are you more likely to randomly select a state with a fertility rate of less than 65 or to randomly select a sample of 15 states in which the mean of the state fertility rates is less than 65? Explain.

For a new advertising campaign, a video game retailer is interested in including information on the average play time of their most popular game. They get 100 random samples of 40 players and obtain their play time to get a sampling distribution. The mean of the sampling distribution is 26.7 hours. In this example, what is the value of $n$?

A researcher takes 10 samples of 20 students each to get a sampling distribution of the average number of siblings students at a university have. According to the Central Limit Theorem, what can the researcher do make their sampling distribution get closer to normal?