17. The average amount parents and children spent per child on back-to-school clothes in Autumn 2001 was
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17. The average amount parents and children spent per child on back-to-school clothes in Autumn 2001 was $527 (CNBC, September 5, 2001). Assume the standard deviation is $160 and that the amount spent is normally distributed.
a. What is the probability that the amount spent on a randomly selected child is more than $700?
b. What is the probability that the amount spent on a randomly selected child is less than $100?
c. What is the probability that the amount spent on a randomly selected child is between $450 and $700?
d. What is the probability that the amount spent on a randomly selected child is no more than $300?
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Related Book For
Essentials Of Modern Business Statistics
ISBN: 9780324312843
3rd Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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