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Whether you use rideshare apps, public transportation or own a car, transportation costs are a key part of a monthly budget. According to multiple sources,
Whether you use rideshare apps, public transportation or own a car, transportation costs are a key part of a monthly budget. According to multiple sources, the total monthly transportation spending of a randomly selected US consumer has an unknown distribution with a mean of 830 dollars and a standard deviation of 56.6 dollars. Let X be the total monthly transportation spending for a randomly selected US consumer and let X be the average total monthly transportation spending for a random sample of size 50. 1. Describe the probability distribution of X and state its parameters p. and 0': Km [Selectananswer V][,u= ,0": ) and find the probability that the total monthly transportation spending for a randomly selected US consumer is between 827 and 855 dollars. {Round the answer to 4 decimal places} 2. Use the Central Limit Theorem I Select an answer V I to describe the probability distribution of I? and state its parameters pi and of: {Round the answers to 1 decimal place) X N [Selectananswer V:I(f= ,O'JT= ) and find the probability that the average total monthly transportation spending for a sample of 50 randomly selected US consumers is less than 827 dollars. _' {Round the answer to 4 decimal places}
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