Suppose that consumption expenditure by households in a city has an approximately normal distribution with a mean

Question:

Suppose that consumption expenditure by households in a city has an approximately normal distribution with a mean of $5400 and a standard deviation of $1800.

The consumption expenditure by one particular household is $8000.

(a) Find the z-score corresponding to that value.

(b) What proportion of the consumption expenditure exceeds

$8000?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: