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The cost of catering services for a sample of 25 gatherings is normally distributed with mean $6000 and standard deviation 750. (i)What probability of gatherings
The cost of catering services for a sample of 25 gatherings is normally distributed with mean $6000 and standard deviation 750.
(i)What probability of gatherings cost more than $6200?
(ii)What probability of gatherings cost between $5500 and $6000?
(iii)Determine the maximum cost required for a gathering to be in the bottom/cheapest
10% of catering service cost.
(iv)Construct a 90% confidence interval for the mean cost of catering service. Give an
interpretation of this interval.
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