Refer to Exercise 7.94. The current distribution of all monthly cable bills in the United States is

Question:

Refer to Exercise 7.94. The current of all monthly cable bills in the United States is approximately normal with a mean of $82.69 and a standard deviation of $11.17. Find the probability that the average monthly cable bill for 23 U.S. households with cable is
a. Less than $80
b. Between $75 and $85
c. Within $5 of the population mean
d. More than $90 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...