(Solved) A travel agency conducted a survey of the prices charged by ocean cruise ship lines and determined they were approximately normally distributed


Question: A travel agency conducted a survey of the prices charged by ocean cruise ship lines and determined they were approximately normally distributed with a mean of $110 per day and a standard deviation of $20 per day.

  1. If an ocean cruise ship line is chosen at random, find the probability that they will charge less than $99 per day.
  2. What is the probability that the average charge for a randomly selected sample of 35 ocean cruise ship lines will be less than $99 per day?
  3. What is the probability that the average charge for a randomly selected sample of 40 ocean cruise ship lines will be less than $99 per day?

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document

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