In a sample of 100 steel canisters, the mean wall thickness was 8.1 mm with a standard deviation of 0.5 mm. Someone says that the mean thickness is less than 8.2 mm. With what level of confidence can this statement be made? (Express the final answer as a percent and round to two decimal places.)

This statement can be made with a level of confidence of 97.72%.

Step-by-step explanation:

We are given the following information in the question:

Mean, μ = 8.1 mm

Standard Deviation, σ = 0.5 mm

Sample size, n = 100

We are given that the distribution of thickness is a bell shaped distribution that is a normal distribution.

Formula:

Standard error due to sampling:

P(mean thickness is less than 8.2 mm)

P(x < 8.2)

Calculation the value from standard normal z table, we have,  

This statement can be made with a level of confidence of 97.72%.

$20.01

step-by-step explanation:

the sale price is (1.00 - 0.77)($87), or 0.23($87), or $20.01.