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I need help with this problem, please can you explain step by step 16. (10 points) Write down Excel formulas based on the requirements. (a)

I need help with this problem, please can you explain step by step

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16. (10 points) Write down Excel formulas based on the requirements. (a) (5 points) Suppose we want to stratify the annual income of people into three levels: Low (0~ $40,000), Medium ($40,000~$100,000) and High (> $100,000). Please nish the formulas in Cell C5, which can also be generalized to Cell C6. A A B c 1 Level 2__ 1 _ 150000 High 3 30000 Low 4_ 3 75000 Medium 5 4 85000 6 5 120000 . (b) (5 points) Suppose X follows a normal distribution with mean ,u = 20 and variance 0'2 = 100, E I F Annual Income Level I 0 Low 40000 Medium J 100000 High please write Excel formulas to calculate the probability that X is less than 10 or greater than 30

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