Elementary Statistics: A Step-by-Step Approach with Formula Card 9th Edition

Published by McGraw-Hill Education
ISBN 10: 0078136334
ISBN 13: 978-0-07813-633-7

Chapter 6 - The Normal Distribution - Review Exercises - Section 6-2 - Page 362: 5

Answer

$0.113$ between 4869 and 5679

Work Step by Step

Given $\mu=5274, \sigma=600$ Value 6000 corresponds to $z=\frac{6000-5274}{600}=1.21$ The area to the left of z=1.21 is 0.887 The probability that a randomly selected person spends more than 6000 is $1-0.887=0.113$ Middle $50\%$ corresponds to z scores from -0.6745 to +0.6745, this gives the range of expenditures from $5274-600\times0.6745$ to $5274+600\times0.6745$ So the limits are 4869 and 5679
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.