Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lunch break: In a recent survey of 655 working Americans ages 25-34, the average weekly amount spent on lunch was $42.49 with standard deviation

Lunch break: In a recent survey of 655 working Americans ages 25-34, the average weekly amount spent on lunch 

Lunch break: In a recent survey of 655 working Americans ages 25-34, the average weekly amount spent on lunch was $42.49 with standard deviation $2.89. The weekly amounts are approximately bell-shaped. Part 1 of 3 (a) Estimate the percentage of amounts that are between $36.71 and $48.27. of the amounts fall between $36.71 and $48.27. Part 2 of 3 (b) Estimate the percentage of amounts that are between $33.82 and $51.16. of the amounts fall between $33.82 and $51.16. Part: 2/3 Part 3 of 3 (c) Between what two values will approximately 68% of the amounts be? Approximately 68% of the amounts fall between $ and $

Step by Step Solution

3.49 Rating (176 Votes )

There are 3 Steps involved in it

Step: 1

Using the properties of the normal distribution we can estimate the percentages of amounts falling i... 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

Basic Business Statistics Concepts And Applications

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

12th Edition

132168383, 978-0132168380

More Books

Students also viewed these Accounting questions

Question

List some common reasons for redesigning layouts.

Answered: 1 week ago