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    Sampling Methods and the Central Limit Theorem

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    A recent study by the Greater Los Angeles Taxi Drivers Association showed that the mean fare charged for service from Hermosa Beach to LA International Airport is $18 and the standard deviation is $3.50. We select a sample of 15 fares.
    a. What is the likelihood that the sample mean is between $17 and $20?
    b. What must you assume to make the above calculation?

    © BrainMass Inc. brainmass.com October 9, 2019, 5:07 pm ad1c9bdddf
    https://brainmass.com/statistics/central-limit-theorem/sampling-methods-and-the-central-limit-theorem-48461

    Solution Summary

    This solution contains step-by-step calculations to determine the sample mean and also the assumptions made. All formulas used are included.

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