Previously, De Anza's statistics students estimated that the amount of change daytime statistics students carry is exponentially distributed with a mean of $0.88. Suppose that we randomly pick 25 daytime statistics students.
- In words, Χ = ____________.
- Χ ~ _____(_____, _____)
- In words, = ____________.
- ~ ______ (______, ______)
- Find the probability that an individual had between $0.80 and $1.00. Graph the situation, and shade in the area to be determined.
- Find the probability that the average amount of change of the 25 students was between $0.80 and $1.00. Graph the situation, and shade in the area to be determined.
- Explain why there is a difference in part (e) and part (f).
OpenStax Statistics, 7.1 The Central Limit Theorem for Sample Means (Averages), exercise 16