Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A online video store in the United Kingdom estimates that annual expenditures of members on rentals follow a normal distribution with a mean of
A online video store in the United Kingdom estimates that annual expenditures of members on rentals follow a normal distribution with a mean of 160. It was also found that 21% of all members spend more than 210 in a year. What percentage of members spend more than 230? Click the icon to view the standard normal table of the cumulative distribution function. The percentage of members who spend more than 230 is %. (Simplify your answer. Type an integer or decimal rounded to two decimal places as needed.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started