A recent study by the Greater Los Angeles Taxi Drivers Association showed that the meanfare charged for service from Hermosa Beach to the Los Angeles International Airport is $18.00 and the standard deviationis $3.50. We select a sample of 15 fares.
A. What is the likelihood that the sample mean is between $17.00 and $20.00 and explain the answer?
B. What must you assume to make the above calculation and explain the answer?
The solution explains the questions in a good amount of detail. It can be easily understood by anyone with a basic understanding of the concepts. Overall, a good response.