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In a Recent Survey of High School Students,it Was Found

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In a recent survey of high school students,it was found that the average amount of money spent on entertainment each week was normally distributed with a mean of $52.30 and a standard deviation of $18.23.Assuming these values are representative of all high school students,what is the probability that for a sample of 25,the average amount spent by each student exceeds $60?


Definitions:

Neoliberalism

An economic and political ideology favoring free-market capitalism, deregulation, and reduction in government spending on social services.

Social Decisions

Decisions made within a group or society that affect the welfare of the community and involve considerations beyond individual gain.

Ethical Principles

Fundamental guidelines that dictate behavior and conduct, often used to guide actions in professional and personal settings to ensure fairness, integrity, and respect.

Social Contract Ethical Theory

A theory in philosophy that posits the legitimacy of authority of the state over the individual is grounded in a contractual agreement among individuals in a society.

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