In a recent year about two-thirds of us households


Question: In a recent year, about two-thirds of U.S. households purchased ground coffee. Consider the annual ground coffee expenditures for households purchasing ground coffee, assuming that these expenditures are approximately distributed as a normal random variable with a mean of $45.16 and a standard deviation of $10.00.

a. Find the probability that a household spent less than $25.00.

b. Find the probability that a household spent more than $50.00.

c. What proportion of the households spent between $30.00 and $40.00?

d. 99% of the households spent less than what amount?

Solution Preview :

Prepared by a verified Expert
Basic Statistics: In a recent year about two-thirds of us households
Reference No:- TGS02484619

Now Priced at $15 (50% Discount)

Recommended (97%)

Rated (4.9/5)