Forty families gathered for a fund-raising event. Suppose the individual contribution for each family is normally distributed with a meanand a standard deviation of $125 and $32, respectively. The organizers would call this event a success if the total contributions exceed$5.400. What is the probability that this fund-raising event is a success? (You may find it useful to reference the z table. Round finalanswer to 4 decimal places.)Probability0.0239

Answered: Image /qna-images/answer/cc54c321-0c43-41ba-aaa1-8af2c05a4b41.jpg

Answered: d deviation of $125 and $32,…

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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d deviation of $125 and $32, respectively. The organizers would call th is the probability that this fund-raising event is a success? (You may fir