5.22 It is known that amounts of money spent on clothing in a year by students on...
Question:
5.22 It is known that amounts of money spent on clothing in a year by students on a particular campus follow a normal distribution with a mean of $380 and a standard deviation of $50.
a. What is the probability that a randomly chosen student will spend less than $400 on clothing in a year?
b. What is the probability that a randomly chosen student will spend more than $360 on clothing in a year?
c. Draw a graph to illustrate why the answers to parts
(a) and
(b) are the same.
d. What is the probability that a randomly chosen student will spend between $300 and $400 on clothing in a year?
e. Compute a range of yearly clothing expenditures—
measured in dollars—that includes 80% of all students on this campus? Explain why any number of such ranges could be found, and find the shortest one.
Step by Step Answer:
Statistics For Business And Economics
ISBN: 9780273767060
8th Global Edition
Authors: Paul Newbold, Mr William Carlson, Ms Betty Thorne