I have a question like this.
A company manufactures light bulbs. The life time of bulbs is assumed to be normally distributed. The CEO claims that an average light bulb lasts $300$ days. A researcher randomly selected $64$ bulbs for testing and found that the mean is $290$ days and the standard deviation is $50$ days. If the CEO's claim is true, what is the probability that a randomly selected bulb would have an average life of no more that $290$ days?
I went on like this;
According to the researcher, $N(290, 50)$
But as the sample size is $64$, the population SD is $\sqrt{50^2\times64}$
So according to CEO, $N(300, 400)$
Can I really assume the population standard deviation like that using a reverse method?