Question
Please show step by step or formula in excel. Suppose that the average amount of money students at Bellevue University spend on gas monthly is
Please show step by step or formula in excel.
Suppose that the average amount of money students at Bellevue University spend on gas monthly is $32.50 per month with a standard deviation of $4.64 per month. If I take a sample of 52 BU students, what is the probability that the mean amount of their monthly gas spending is greater than $36.00?
Explain in words how you used Excel to find both the z-score and probability (or show the formulas), then attach a screen shot of the output in Excel.
For your second post, find theprobability that the mean amount of their monthly phone bill differs from the expected mean by less than $2.00, again showing your output and explaining your solution.
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