Consumers spend an average of $13.80 on a meal at a restaurant in 2012. (Data extracted from www.alixpartners.com). Assume that the amount spent on a restaurant meal is normally distributed and that the standard deviation is $2. What is the probability that a randomly selected person spent more than $15? What is the probability that a randomly selected person spent between $10 and $12? Between what two values will the middle 95% of the amounts spent fall?
Consumers spend an average of $13.80 on a meal at a restaurant in 2012. (Data extracted from www.alixpartners.com). Assume that the amount spent on a restaurant meal is normally distributed and that the standard deviation is $2. What is the probability that a randomly selected person spent more than $15? What is the probability that a randomly selected person spent between $10 and $12? Between what two values will the middle 95% of the amounts spent fall?
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Consumers spend an average of $13.80 on a meal at a restaurant in 2012. (Data extracted from www.alixpartners.com). Assume that the amount spent on a restaurant meal is
What is the
What is the probability that a randomly selected person spent between $10 and $12?
Between what two values will the middle 95% of the amounts spent fall?
*include excel formulas if possible
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