- Assuming the population has a similar shape as the sample with population mean $510,000 and population standard deviation $145,000; calculate the probability that in a random sample of size 10, the mean of the sample will be greater than $600,000. You may assume a random sample was taken and the sample came from a big population. However, be sure to check the central limit theorem condition of a large sample size before completing this problem using one complete sentence. If this condition is not met, you cannot complete the problem.
- Assuming the population has a similar shape as the sample with population mean $510,000 and population standard deviation $145,000; calculate the probability that in a random sample of size 36, the mean of the sample will be greater than $600,000. You may assume a random sample was taken and the sample came from a big population. However, be sure to check the central limit theorem condition of a large sample size before completing this problem using one complete sentence. If this condition is not met, you cannot complete the problem.