Question

A group conducted a survey of 13,000 brides and grooms married in the United States and...

A group conducted a survey of 13,000 brides and grooms married in the United States and found that the average cost of a wedding is $26,858. Assume that the cost of a wedding is normally distributed with a mean of $26,858 and a standard deviation of $5,500.

(a) What is the probability that a wedding costs less than $19,000? (Round your answer to four decimal places.)

(b) What is the probability that a wedding costs between $19,000 and $30,000? (Round your answer to four decimal places.)

(c) What is the minimum cost (in dollars) for a wedding to be included among the most expensive 5% of weddings? (Round your answer to the nearest dollar.)

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
New York City is the most expensive city in the United States for lodging. The mean...
New York City is the most expensive city in the United States for lodging. The mean hotel room rate is $204 per night.† Assume that room rates are normally distributed with a standard deviation of $55. (a) What is the probability that a hotel room costs $265 or more per night? (Round your answer to four decimal places.) (b) What is the probability that a hotel room costs less than $110 per night? (Round your answer to four decimal places.)...
An article reported that 5% of married couples in the United States are mixed racially or...
An article reported that 5% of married couples in the United States are mixed racially or ethnically. Consider the population consisting of all married couples in the United States. (a) A random sample of n = 150 couples will be selected from this population and p̂, the proportion of couples that are mixed racially or ethnically, will be computed. What are the mean and standard deviation of the sampling distribution of p̂? (Round your standard deviation to four decimal places.)...
The cost of weddings in the United States has skyrocketed in recent years. As a result,...
The cost of weddings in the United States has skyrocketed in recent years. As a result, many couples are opting to have their weddings in the Caribbean. A Caribbean vacation resort recently advertised in Bride Magazine that the cost of a Caribbean wedding was less than $10,000. Listed below is a total cost in $000 for a sample of 8 Caribbean weddings. At the .05 significance level is it reasonable to conclude the mean wedding cost is less than $10,000...
The cost of weddings in the United States has skyrocketed in recent years. As a result,...
The cost of weddings in the United States has skyrocketed in recent years. As a result, many couples are opting to have their weddings in the Caribbean. A Caribbean vacation resort recently advertised in Bride Magazine that the cost of a Caribbean wedding was less than $10,000. Listed below is a total cost in $000 for a sample of 8 Caribbean weddings. At the 0.010 significance level is it reasonable to conclude the mean wedding cost is less than $10,000...
The cost of weddings in the United States has skyrocketed in recent years. As a result,...
The cost of weddings in the United States has skyrocketed in recent years. As a result, many couples are opting to have their weddings in the Caribbean. A Caribbean vacation resort recently advertised in Bride Magazine that the cost of a Caribbean wedding was less than $10,000. Listed below is a total cost in $000 for a sample of 8 Caribbean weddings. At the 0.100 significance level is it reasonable to conclude the mean wedding cost is less than $10,000...
The mean cost of domestic airfares in the United States rose to an all-time high of...
The mean cost of domestic airfares in the United States rose to an all-time high of $385 per ticket.† Airfares were based on the total ticket value, which consisted of the price charged by the airlines plus any additional taxes and fees. Assume domestic airfares are normally distributed with a standard deviation of $110. (a) What is the probability that a domestic airfare is $539 or more? (Round your answer to four decimal places.) (b) What is the probability that...
The ABC EuroTrip Inc. conducted a 2019 survey of 18,000 passengers who have made a trip...
The ABC EuroTrip Inc. conducted a 2019 survey of 18,000 passengers who have made a trip to Europe in 2018. They found that the average travel cost of a trip to Europe is $2,858. Assume that the cost of a trip to Europe is normally distributed with a mean of $2,858 and a standard deviation of $360. a. What is the probability that the costs of a Europe trip is less than $2,000? b. What is the probability that a...
The ABC EuroTrip Inc. conducted a 2019 survey of 18,000 passengers who have made a trip...
The ABC EuroTrip Inc. conducted a 2019 survey of 18,000 passengers who have made a trip to Europe in 2018. They found that the average travel cost of a trip to Europe is $2,858. Assume that the cost of a trip to Europe is normally distributed with a mean of $2,858 and a standard deviation of $360. a. What is the probability that the costs of a Europe trip is less than $2,000? b. What is the probability that a...
According to the National Health Survey, the heights of adult males in the United States are...
According to the National Health Survey, the heights of adult males in the United States are normally distributed with mean 69.0 inches and a standard deviation of 2.8 inches. (a) What is the probability that an adult male chosen at random is between 66 and 72 inches tall? (Round your answer to five decimal places.) (b) What percentage of the adult male population is more than 6 feet tall? (Round your answer to three decimal places.)
The Principal Financial Group conducted a survey of 1172 employees in the United States between July...
The Principal Financial Group conducted a survey of 1172 employees in the United States between July and August of 2010, and asked if they were currently participating in the employer sponsored automatic payroll deduction for a 401k plan to save for retirement. Of the 1172 employees surveyed, 27% indicated they were participating. The Principal Group reported that 27% of all employees in the United States participate in automatic payroll deduction for a 401k plan to save for retirement with a...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT