Forty families gathered for a fund raising event Suppose the find
Forty families gathered for a fund-raising event. Suppose the find ividual contribution for each family is normally distributed with a mean and a standard deviation of $115 and $35, respectively. The organizers would call this event a success if the total contributions exceed $5,000. What is the probability that this fund-raising event is a success?

Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help