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A Population Has a Normal Distribution with a Mean of 79.6

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A population has a normal distribution with a mean of 79.6 and a standard deviation of 13.3.Assuming A population has a normal distribution with a mean of 79.6 and a standard deviation of 13.3.Assuming   ,the probability,rounded to four decimal places,that the sample mean of a sample of size 18 elements selected from this populations will be less than 80.1 is: ,the probability,rounded to four decimal places,that the sample mean of a sample of size 18 elements selected from this populations will be less than 80.1 is:


Definitions:

Coefficient of Variation

A statistical measure of the dispersion of data points in a data series around the mean, expressed as a percentage.

Index Fund

An investment fund designed to follow certain preset rules so that the fund can track a specified basket of underlying investments.

PHStat

An Excel add-in designed to perform statistical analysis, it provides tools for statistical tests, data analysis, and graphical presentations.

Coefficient of Variation

A standardized measure of dispersion of a probability distribution or frequency distribution, calculated as the ratio of the standard deviation to the mean.

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