A school district in Southern California offers an opportunity for families to open a college savings account for their children. The frequency table shows contribution amounts for a selected number of participants in June 2020. In your presentation answer the following questions:   a) What is the probability of a randomly selected household contributing a maximum of $15? b) What is the probability of a randomly selected household contributing between $20 and $30? c) What is the mean, variance and standard deviation of the contributions?

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A school district in Southern California offers an opportunity for families to open a college savings account for their children. The frequency table shows contribution amounts for a selected number of participants in June 2020. In your presentation answer the following questions:

 

a) What is the probability of a randomly selected household contributing a maximum of $15?

b) What is the probability of a randomly selected household contributing between $20 and $30?

c) What is the mean, variance and standard deviation of the contributions?

 
Amount
$1
$5
$8
$10
$12
$15
$16
$17
$20
$25
$30
$40
$50
$60
$75
$100
$150
$200
Frequency
4
8
3
24
1
11
2
1
24
22
6
5
17
3
1
8
3
2
Transcribed Image Text:Amount $1 $5 $8 $10 $12 $15 $16 $17 $20 $25 $30 $40 $50 $60 $75 $100 $150 $200 Frequency 4 8 3 24 1 11 2 1 24 22 6 5 17 3 1 8 3 2
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