Forty families gathered for a fund-raising event. Suppose the find ividual contribution for each family is normally
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Forty families gathered for a fund-raising event. Suppose the find ividual contribution for each family is normally distributed with a mean and a standard deviation of $115 and $35, respectively. The organizers would call this event a success if the total contributions exceed $5,000. What is the probability that this fund-raising event is a success?
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Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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