THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 140

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The average checking account balance at a local bank is $1,742 with a standard deviation of $132.A random sample of 70 accounts is selected.
-What is the probability that the average balance for these accounts is less than $1,700?

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Definitions:

Population Size

The number of individuals in a species or specific group of living organisms inhabiting a particular geographic area.

Increase Or Decrease

A phrase referring to the action of becoming larger or smaller in size, amount, intensity, or degree.

Natural Selection

The process by which organisms that are better adapted to their environment tend to survive and produce more offspring.

Directly

in a straightforward or immediate manner.