The Daily Sales of a Small Retail Store in Toronto

question 46

Multiple Choice

The daily sales of a small retail store in Toronto for the last 365 days are normally distributed with a
Mean of $2,050, and a standard deviation of $300. From a sample of 49 days, what is the
Probability of having a sample mean more than $2,000?

• A) 0.3790
• B) 0.8790
• C) 0.121
• D) Approximately zero
• E) Approximately 100%

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