Question

one year consumers spent an average of $22 on a meal at a restaurant. assume that...

one year consumers spent an average of $22 on a meal at a restaurant. assume that the amount spent on a restaurant meal is normally distributed and that the standard deviation is $3. what is the probability that a randomly selected person spent more than $24. probably that a randomly selected person spends between $5 and $15

Homework Answers

Answer #1

A) P(X > 24)

= P((X - )/ > (24 - )/)

= P(Z > (24 - 22)/3)

= P(Z > 0.67)

= 1 - P(Z < 0.67)

= 1 - 0.7486

= 0.2514

b) P(5 < X < 15)

= P((5 - )/ < (X - )/ < (15 - )/)

= P((5 - 22)/3 < Z < (15 - 22)/3)

= P(-5.67 < Z < -2.33)

= P(Z < -2.33) - P(Z < -5.67)

= 0.0099 - 0

= 0.0099

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