The Distribution of Sample Means:
The average mortgage for new families in Texas in $ 1300, with a standard deviation of $ 800. If 100 new families are surveyed, what is the probability that the mean mortgage payment will exceed $ 1500?
800/sqrt(100)
[1] 80
(1500-1300) / 80
[1] 2.5
pnorm(2.5, lower.tail=FALSE)
[1] 0.006209665
There is a 0.62% chance of this occurring.
An American football team typically scores 17 points per game, with a standard deviation of 3 points. In a sample of 16 games, what is the probability that the team scored an average of between 16 - 19 points?
3/sqrt(16)
[1] 0.75
(16 - 19) / 0.75
[1] -4
1 - pnorm(-4, lower.tail = TRUE) * 2
[1] 0.9999367
An American football team typically scores 17 points per game, with a standard deviation of 3 points. In a sample of 16 games, what is the probability that the team scored an average of between 16 - 19 points?
3/sqrt(16)
[1] 0.75
(16 - 19) / 0.75
[1] -4
1 - pnorm(-4, lower.tail = TRUE) * 2
[1] 0.9999367
There is a 99.99% chance of this occurring.
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