Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the probability of randomly selecting a volunteer with a lifetime savings less than ?$90,000. ?(Use the mean and standard deviation of the Lifetime Savings
Calculate the probability of randomly selecting a volunteer with a lifetime savings less than ?$90,000.
?(Use the mean and standard deviation of the Lifetime Savings data.? Also, if appropriate based upon your visual analysis of a histogram of the Lifetime Savings? data, use the Normal distribution to answer this? question.)
Options Summary statistics: Column n Mean Variance Std. dev. Std. err. Median Range Min Max Q1 Q3 Sum IQR Lifetime Savings 500 100544.16 1.573445e8 12543.704 560.97149 101311.69 70825.78 61031.66 131857.44 92029.005 108719.62 50272082 16690.615 9 2636.91 n 10 Frequency 8211.65 n 11 4828.54 12 80 1734.21 n 13 8412.97 n 14 5364.92 n 15 7591.45 n 16 2144.57 n 17 60 1469.77 n 18 3901.82 19 4535.64 n 20 0554.06 n 21 6516.83 n 22 40 5589.46 n 23 3088.59 n 24 1108.74 n 25 9764.15 n 26 3938.41 n 20 27 2573.83 n 28 5803.38 n 29 4884.17 30 Frequency: 61 8870.21 n 31 Lifetime Savings: [90000, 95000) 6526.25 n 32 60000 80000 120000 7550.04 n 33 Lifetime Savings 4289.26 n 34 1346.54 nStep 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