Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi Tutor. I need help with this question asap please. Thank you USE THE INFORMATION BELOW TO ANSWER QUESTIONS 19 THRU 21 The U.S. government
Hi Tutor. I need help with this question asap please. Thank you
USE THE INFORMATION BELOW TO ANSWER QUESTIONS 19 THRU 21 The U.S. government estimates that the average per capita retail sales of all adults is normallvr distributed with a mean of $14,600 per year and a standard deviation of $5,250. Suppose we are interested in nding the amount of monevr a random adult would spend to have a specic percentile in this distribution. Note: Recall that. for example, the 65th percentile corresponds to the dollar amount of per capita retail sales where 65% of the distribution is below that particular dollar amount. Question 19 1 pts Pick the equation most appropriate to deal with the problem above. 5 02:? '3 -__ L Ownz'! O Pix) = :10sz [1 - PF\" Oz=p+w Question 20 1 pts Select the 2 value that corresponds to the 60th percentile of this distribution. 0 2:031 o 2:025 o 2:0.43 o 2:0.52 Question 21 1 pts Select the x value {to the nearest dollar) that corresponds to the 10th percentile of this distribution. 0 x = $9,127 0 x = $8,863 0 x = $6,?45 0 x = $1330Step 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