Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

21-25. A survey of 10 tablet computers reveal that their prices are normally distributed with a mean of $171 and a standard deviation of $73.

21-25. A survey of 10 tablet computers reveal that their prices are normally distributed with a mean of $171 and a standard deviation of $73.

21. We want to know the probability of finding a table that costs more than $390. As a first step, we calculate the z score for $390. What is that z score? Note: It is a one digit number without any decimals. For example: 9.

Hint: We get the z score by using the z score formula: (specific score-mean)/standard deviation. The specific score is $390, the mean is $171, and the standard deviation is $73.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Elementary Introduction To Mathematical Finance

Authors: Sheldon M Ross

3rd Edition

1139065106, 9781139065108

More Books

Students also viewed these Mathematics questions