What is the probability that the amount spent on lottery


Assume that the amount spent of lottery tickets follows a normal distribution with the mean and standard deviation stated in the worksheet titled, "All Variables". The amount spent on lottery tickets is expressed as a percentage of total household income.


a) What is the probability that the amount spent on lottery tickets is greater than 5%?
b) What is the amount spent on lottery tickets of those in the highest quartile of the distribution?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: What is the probability that the amount spent on lottery
Reference No:- TGS0109204

Expected delivery within 24 Hours