The average overseas trip cost is $2708 per visitor. If we assume a normal distribution with a

Question:

The average overseas trip cost is $2708 per visitor. If we assume a normal distribution with a standard deviation of $405, what is the probability that the cost for a randomly selected trip is more than $3000? If we select a random sample of 30 overseas trips and find the mean of the sample, what is the probability that the mean is greater than $3000?

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...