00:01
Okay, so the first step is just check the conditions.
00:05
The first one is the independent condition.
00:10
And, well, it is reasonable to think that the tips are mutually independent unless the service is very bad, in which case everyone could flow.
00:22
The second condition is the 10 % condition, which is that the tips of 40 parties represent less than 10 % of all tips.
00:34
So 40 parties in the final condition is an end of the sample is 40, which is big enough.
00:58
Part a, we have to find the mean is 0 .6.
01:08
And so we can find the standard deviation for x, which is equal over the square root of 40, which is equal to 0 .8.
01:27
So if he earns $500 with tips, then x.
01:32
Which is equal to zero 12 .5.
01:42
Now we can just calculate the z value, which is x minus x, standard deviation, x.
02:03
We already have all these values, so it's just a matter of substituting everything in...