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The amount of a waiter's tips follows some right-skewed distribution with mean $7.26 and standard deviation $4.58. (a) We take a random sample of three of the waiter's customers. Can you calculate the probability that the mean tip for these customers is less than $12.02? b) If we take a random sample of 35 of the waiter's customers, what is the probability that the mean tip for these customers is greater than $7.69? (c) If we take a random sample of 45 of the waiter's customers, what is the probability that the mean tip for these customers is between $6.49 and $7.89?
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Are the probabilities you calculated in (b) and (c) exact or approximate? Explain.
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