document.write( "Question 1193276: The distribution of weekly salaries at a large company is right-skewed with a mean of RM1000 and a standard deviation of RM350. What is the probability in estimating the mean weekly salary for all employees of the company will be
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document.write( "a) Between RM900 and RM1100?
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document.write( "b) Below RM900?
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document.write( "c) Greater than RM850?
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document.write( "d) Exactly RM1000?
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Algebra.Com's Answer #848849 by CPhill(1959)![]() ![]() You can put this solution on YOUR website! **1. Understand the Central Limit Theorem**\r \n" ); document.write( "\n" ); document.write( "* Even though the population of weekly salaries is right-skewed, the Central Limit Theorem states that the distribution of sample means will approach a normal distribution as the sample size increases. \r \n" ); document.write( "\n" ); document.write( "* **Key Assumptions:** \n" ); document.write( " * The sample size is sufficiently large (often considered 30 or more). \n" ); document.write( " * The samples are drawn independently and randomly from the population.\r \n" ); document.write( "\n" ); document.write( "**2. Calculate the Standard Error of the Mean**\r \n" ); document.write( "\n" ); document.write( "* Standard Error (SE) = σ / √n \n" ); document.write( " * Where σ is the population standard deviation \n" ); document.write( " * And n is the sample size \r \n" ); document.write( "\n" ); document.write( "**3. Calculate Z-scores**\r \n" ); document.write( "\n" ); document.write( "* To find probabilities related to the sample mean, we need to standardize the values using the z-score formula: \n" ); document.write( " * z = (x̄ - μ) / SE \n" ); document.write( " * Where x̄ is the sample mean \n" ); document.write( " * μ is the population mean \n" ); document.write( " * SE is the standard error\r \n" ); document.write( "\n" ); document.write( "**4. Find Probabilities**\r \n" ); document.write( "\n" ); document.write( "* Use a standard normal distribution table or a calculator to find the probabilities associated with the calculated z-scores.\r \n" ); document.write( "\n" ); document.write( "**Important Note:** \r \n" ); document.write( "\n" ); document.write( "* Since the sample size (n) is not given in the problem, we cannot calculate the exact standard error and z-scores. \n" ); document.write( "* Therefore, we cannot provide specific numerical probabilities for parts (a) to (c).\r \n" ); document.write( "\n" ); document.write( "**However, we can explain the general approach:**\r \n" ); document.write( "\n" ); document.write( "**a) Between RM900 and RM1100**\r \n" ); document.write( "\n" ); document.write( "* Calculate the z-scores for RM900 and RM1100 using the formula above. \n" ); document.write( "* Find the area under the standard normal curve between these two z-scores. This will give you the probability that the sample mean falls between RM900 and RM1100.\r \n" ); document.write( "\n" ); document.write( "**b) Below RM900**\r \n" ); document.write( "\n" ); document.write( "* Calculate the z-score for RM900. \n" ); document.write( "* Find the area under the standard normal curve to the left of this z-score. This will give you the probability that the sample mean is below RM900.\r \n" ); document.write( "\n" ); document.write( "**c) Greater than RM850**\r \n" ); document.write( "\n" ); document.write( "* Calculate the z-score for RM850. \n" ); document.write( "* Find the area under the standard normal curve to the right of this z-score. This will give you the probability that the sample mean is greater than RM850.\r \n" ); document.write( "\n" ); document.write( "**d) Exactly RM1000**\r \n" ); document.write( "\n" ); document.write( "* The probability of the sample mean being exactly equal to the population mean (RM1000) is **zero**. This is because the normal distribution is continuous, and the probability of any single point on a continuous distribution is zero.\r \n" ); document.write( "\n" ); document.write( "**In summary:**\r \n" ); document.write( "\n" ); document.write( "* The Central Limit Theorem allows us to approximate the distribution of sample means as normal, even when the population is skewed. \n" ); document.write( "* We need to know the sample size (n) to calculate the standard error and determine the specific probabilities. \n" ); document.write( "* The probability of the sample mean being exactly equal to the population mean is always zero for a continuous distribution.\r \n" ); document.write( "\n" ); document.write( "I hope this explanation helps! \n" ); document.write( " \n" ); document.write( " |