Question

Data from the Bureau of Labor Statistics' Consumer Expenditure Survey (CE) show that annual expenditures for cellular phone services per consumer unit increased from $210 in 2001 to $608 in 2007. Let the standard deviation of annual cellular expenditure be $48 in 2001 and $132 in 2007.
a. What is the probability that the average annual expenditure of 100 cellular customers in 2001 exceeded $200?
b. What is the probability that the average annual expenditure of 100 cellular customers in 2007 exceeded $600?



$1.99
Sales0
Views222
Comments0
  • CreatedJanuary 28, 2015
  • Files Included
Post your question
5000