Consider a large population of shoppers, each of whom spends a certain amount during his or her

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Consider a large population of shoppers, each of whom spends a certain amount during his or her current shopping trip; the distribution of these amounts is normally distributed with mean $55 and standard deviation $15. We randomly choose 25 of these shoppers. What is the probability that at least 15 of them spend between $45 and $75?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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