On st patricks day men spend an average of 4387 while women, Management Theories

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On st patricks day men spend an average of 4387 while women

Question: On St. Patricks Day, men spend an average of $43.87 while women spend an average of $29.54 (USA Today, March 17, 2009). Assume the standard deviations of spending for men and women are $3 and $11, respectively, and that both distributions are normally distributed.

a. What is the probability that men spend over $50 on St. Patricks Day?

b. What is the probability that women spend over $50 on St. Patricks Day?

c. Are men or women more likely to spend over $50 on St. Patricks Day?

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Management Theories: On st patricks day men spend an average of 4387 while women

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