the monthly cost for cell phones for plan amazing has a mean of $39.17 with a standard deviation of $13.58…

the monthly cost for cell phones for plan amazing has a mean of $39.17 with a standard deviation of $13.58, while the monthly cost for plan best has a mean cost of $41.16 with a standard deviation of $7.18. a random sample of 37 phones is selected from plan amazing, and a random sample of 40 phones is selected from plan best. what is the probability that the mean cost for plan amazing will be more than the mean cost for plan best?\n0.2134\n0.7866\n0.9741\n0.9942
Answer
Explanation:
Step1: Define variables
Let $\mu_1 = 39.17$, $\sigma_1=13.58$, $n_1 = 37$, $\mu_2 = 41.16$, $\sigma_2 = 7.18$, $n_2=40$.
Step2: Calculate the mean and standard deviation of the difference in sample - means
The mean of the difference in sample - means $\mu_{\bar{X}_1-\bar{X}2}=\mu_1-\mu_2=39.17 - 41.16=-1.99$. The standard deviation of the difference in sample - means $\sigma{\bar{X}_1-\bar{X}_2}=\sqrt{\frac{\sigma_1^{2}}{n_1}+\frac{\sigma_2^{2}}{n_2}}=\sqrt{\frac{13.58^{2}}{37}+\frac{7.18^{2}}{40}}=\sqrt{\frac{184.4164}{37}+\frac{51.5524}{40}}=\sqrt{4.9842 + 1.2888}=\sqrt{6.273}\approx2.5046$.
Step3: Calculate the z - score
We want to find $P(\bar{X}_1>\bar{X}_2)$, which is equivalent to $P(\bar{X}_1-\bar{X}2 > 0)$. The z - score is $z=\frac{0 - \mu{\bar{X}_1-\bar{X}2}}{\sigma{\bar{X}_1-\bar{X}_2}}=\frac{0-(-1.99)}{2.5046}=\frac{1.99}{2.5046}\approx0.7946$.
Step4: Find the probability
Using the standard normal distribution table, $P(Z > 0.7946)=1 - P(Z\leqslant0.7946)$. From the standard - normal table, $P(Z\leqslant0.7946)\approx0.7866$. So $P(Z > 0.7946)=1 - 0.7866 = 0.2134$.
Answer:
0.2134