The average amount of money that people spend at Don Mcalds fast food place is $7.9200 with a standard deviation of $1.7700. 40 customers are randomly selected. Please answer the following questions, and round all answers to 4 decimal places where possible and assume a normal distribution. H) The owner of Don Mcalds gives a coupon for a free sundae to the 3% of all groups of 40 people who spend the most money. At least how much must a group of 40 spend in total to get the free sundae? $
Continuous Probability Distributions
Probability distributions are of two types, which are continuous probability distributions and discrete probability distributions. A continuous probability distribution contains an infinite number of values. For example, if time is infinite: you could count from 0 to a trillion seconds, billion seconds, so on indefinitely. A discrete probability distribution consists of only a countable set of possible values.
Normal Distribution
Suppose we had to design a bathroom weighing scale, how would we decide what should be the range of the weighing machine? Would we take the highest recorded human weight in history and use that as the upper limit for our weighing scale? This may not be a great idea as the sensitivity of the scale would get reduced if the range is too large. At the same time, if we keep the upper limit too low, it may not be usable for a large percentage of the population!
The average amount of money that people spend at Don Mcalds fast food place is $7.9200 with a standard deviation of $1.7700. 40 customers are randomly selected. Please answer the following questions, and round all answers to 4 decimal places where possible and assume a
H) The owner of Don Mcalds gives a coupon for a free sundae to the 3% of all groups of 40 people who spend the most money. At least how much must a group of 40 spend in total to get the free sundae? $
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