At a large bank, account balances are normally distributed with a mean of $1,637.52 and a standard deviation of $623.16. What is the probability that a simple random sample of 400 accounts has a mean that exceeds $1,650?

the probability is 0.49

Step-by-step explanation:

Since the account balances at the large bank are normally distributed.

we would apply the formula for normal distribution which is expressed as

z = (x - µ)/σ

Where

x = account balances.

µ = mean account balance.

σ = standard deviation

From the information given,

µ = $1,637.52

σ = $623.16

We want to find the probability that a simple random sample of 400 accounts has a mean that exceeds $1,650. It is expressed as

P(x > 1650) = 1 - P(x ≤ 1650)

For x = 1650,

z = (1650 - 1637.52)/623.16 = 0.02

Looking at the normal distribution table, the probability corresponding to the z score is 0.51

P(x > 1650) = 1 - 0.51 = 0.49

answer: ask

step-by-step explanation:

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