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USE THE INFORMATION BELOW TO ANSWER QUESTIONS 19 THRU 21 The U.S. government estimates that the average per capita retail sales of all adults is
USE THE INFORMATION BELOW TO ANSWER QUESTIONS 19 THRU 21 The U.S. government estimates that the average per capita retail sales of all adults is normally distributed with a mean of $14,600 per year and a standard deviation of $5,250. Suppose we are interested in finding the amount of money a random adult would spend to have a specific percentile in this distribution. Note: Recall that, for example, the 65th percentile corresponds to the dollar amount of per capita retail sales where 65% of the distribution is below that particular dollar amount. Question 19 1 pts Pick the equation most appropriate to deal with the problem above. O p(x) = * Cap* (1 -p)"-z Oitz O Question 20 1 pts Select the z value that corresponds to the 80th percentile of this distribution. O z = 0.73 O z = 0.92 O z = 0.68 O z = 0.84 Question 21 1 pts Select the x value (to the nearest dollar) that corresponds to the 10th percentile of this distribution. O x = $9,127 O x = $7,880 O x = $8,863 O x = $6,745
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