Question
A recent study done by the National Retail Federation found that 2021 back-to-school spending for all US households who have school-aged children follows a Normal
A recent study done by the National Retail Federation found that 2021 back-to-school spending for all US households who have school-aged children follows a Normal distribution with mean $753 and a standard deviation $108. Use this information to answer the following questions. (a) What is the probability that 2021 back-to-school spending for a US household with school-aged children is greater than $944.16? Answer this question by completing parts 2(a)i and 2(a)ii. i. Provide the zscore corresponding to the 2021 back-to-school spending of $944.16. ii. Based on your answer in 2(a)i, what is the probability of 2021 back-to-school spending for a US household with school-aged children is greater than $944.16?
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