Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Get detailed and accurate answers to your questions from a community of experts on our comprehensive Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
Answer:
0.8536
0.29933
Step-by-step explanation:
Given :
Mean amount spent, μ = $230
Standard deviation, σ = $19
1.)
Probability of spending atleast $210
P(x ≥ 210)
The Zscore = (x - μ) / σ = (210 - 230) / 19 = - 1.052
P(Z ≥ -1.052) = 1 - P(Z ≤ - 1.052) = 1 - 0.1464 = 0.8536
2.)
Probability that between $240 and $300 is spent:
P(x < $240) = Zscore = (240 - 230) / 19 = 0.526
P(Z < 0.526) = 0.70056
P(x < 300) = Zscore = (300 - 230) / 19 = 3.684
P(Z < 3.684) = 0.99989
P(Z < 3.684) - P(Z < 0.526)
0.99989-0.70056 = 0.29933
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.