Question: Millennials spent an average of $103 on monthly dining in 2016. Source: Data extracted from Consumer Response Annual Report,available at bit.ly/2x4CN5w. Assume that the amount
Millennials spent an average of $103 on monthly dining in 2016.
Source: Data extracted from Consumer Response Annual Report,available at bit.ly/2x4CN5w.
Assume that the amount spent on a monthly dining is normally distributed and that the standard deviation is $12.
a. What is the probability that a randomly selected millennial spent more than $110?
b. What is the probability that a randomly selected millennial spent between $70 and $124?
c. Between what two values will the middle 95 percent of the amounts spent fall?
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