Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2008, the per capita consumption of soft drinks in Country A was reported to be 18.22 gallons. Assume that the per capita consumption of

In 2008, the per capita consumption of soft drinks in Country A was reported to be 18.22 gallons. Assume that the per capita consumption of soft drinks in Country A is approximately normallydistributed, with a mean of 18.22 gallons and a standard deviation of 5 gallons. Complete parts (a) through (d) below.

a. What is the probability that someone in Country A consumed more than 14 gallons of soft drinks in 2008?

The probability is __

(Round to four decimal places as needed.)

b. What is the probability that someone in Country A consumed between

3 and 6 gallons of soft drinks in 2008?

The probability is __

(Round to four decimal places as needed.)

c.

What is the probability that someone in Country A consumed less than 6 gallons of soft drinks in 2008?

The probability is__.

(Round to four decimal places as needed.)

Part 4

d.

99% of the people in Country A consumed less than how many gallons of soft drinks?

The probability is

99%that someone in Country A consumed less than __ gallons of soft drinks.

(Round to two decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Econometrics By Example

Authors: Damodar Gujarati

2nd Edition

1137375019, 9781137375018

More Books

Students also viewed these Economics questions

Question

Explain how CSMA/CA DCF works.

Answered: 1 week ago

Question

What areas of knowledge do I have?

Answered: 1 week ago