Consumers spend an average of $21 per week in cash without being aware of where it goes

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Consumers spend an average of $21 per week in cash without being aware of where it goes (data extracted from "Snapshots: A Hole in Our Pockets," USA Today, January 18, 2010, p. 1A). Assume that the amount of cash spent without being aware of where it goes is normally distributed and that the standard deviation is $5.
a. What is the probability that a randomly selected person will spend more than $25?
b. What is the probability that a randomly selected person will spend between $10 and $20?
c. Between what two values will the middle 95% of the amounts of cash spent fall?
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Basic Business Statistics Concepts And Applications

ISBN: 9780132168380

12th Edition

Authors: Mark L. Berenson, David M. Levine, Timothy C. Krehbiel

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