A recent report indicated a typical family of five spends $650 per month on food. Assume the

Question:

A recent report indicated a typical family of five spends $650 per month on food. Assume the distribution of food expenditures for a family of five follows a normal distribution, with a mean of $650 and a standard deviation of $120. A sample of 64 is taken.
a. What percentage of the families spends more than $675 per month on food?
b. What percentage of the families spends less than $660 per month on food?
c. What percentage spends between $660 and $670 per month on food?
d. What percentage spends less than $650 or more than $675 per month on food?

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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