Find the Requested Probability For a Random Sample of Size Two, Find the Probability

question 39

Multiple Choice

Find the requested probability.
-The table reports the GPA for each of five students in a statistics class. $$\begin{array} { c | c | c | c | c | c } \text { Student } & \text { Maria } & \text { Alvin } & \text { Elvis } & \text { Ingrid } & \text { Rashad } \\\hline \text { GPA } & 3.52 & 3.65 & 3.66 & 3.92 & 3.95\end{array}$$ For a random sample of size two, find the probability, expressed as a percent, that the sample mean will be within 0.1 of the population mean.

• A)70%
• B)80%
• C)20%
• D)30%

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Definitions:

Prices

The total monetary value expected, called for, or delivered in payment for an object.

Laspeyres Price Index

A price index used to measure the change in the cost of purchasing a fixed basket of goods and services over time, based on the quantities purchased in the base period.

Consumption Bundle

A set of goods or services that an individual or household chooses to consume within a given period, reflecting their preferences and budget constraint.

Prices

Monetary values assigned to goods and services, determining what amount of money is needed to purchase them.