Question: Food Tiger, a chain of 55 supermarkets, has been bought out by a larger chain. The chain wants assurance that Food Tiger will be a consistent money maker. They will look at the financial records of 38 stores. Food Tiger management claims that each store’s profits have an approximately normal distribution with the same mean of $90,000 and a standard deviation of $1150.

If the Food Tiger management is correct, what is the probability that the sample mean for the 38 stores will fall within $250 of the actual mean? List all pertinent information and draw a graph.

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Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document