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Question 1 (Total of 24 marks)
LifeSource is a healthcare company specialised in producing blood pressure monitors. The company’s R&D department developed a new portable model using wireless technology allowing users to monitor blood pressure on the go.
It is known that the prices of similar wireless blood pressure monitors in the market follow the Normal Distribution with an average of $112.4 and a standard deviation of $9.8.
To be competitive in the market, the company’s marketing analysts need to know the following:
Question 2 (Total of 8 marks)
a) If the true average weight of Allens Party Mix Lollies is 180 grams as stated by the manufacturer on their packets, what is the probability that the mean weight of Allens Party Mix Lollies exceeds 182 grams for a sample of 30 packets with a standard deviation of 3.2 grams.