THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 138

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Each member of a random sample of 20 business economists was asked to predict the rate of inflation for the coming year.Assume that the predictions for the whole population of business economists follow a normal distribution with standard deviation 2%.
-Find any pair of values such that the probability that the sample standard deviation lies between these values is 0.90.

---

Definitions:

Tragedy Of The Commons

A scenario where individual use of a shared resource in their own interest depletes or spoils that resource, despite understanding that this is against the common good.

Design For Remanufacturing

The process of designing products so that they can be easily disassembled and reassembled or refurbished for future use.

Manufacturer

An entity engaged in the business of producing goods for sale, typically on a large scale, involving machinery and labor.

Tragedy Of The Commons

A situation in which individual users, acting independently according to their own self-interest, deplete or spoil shared resources, leading to long-term depletion or damage for all users.