The average American family of four spends $5000 per year on food prepared at home. Assuming a

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The average American family of four spends $5000 per year on food prepared at home. Assuming a normal distribution with a standard deviation of $1000 and a randomly selected American family of four, what is the probability that the family’s annual spending for food prepared at home will be:
a. more than $8000?
b. between $5000 and $7000?
c. less than $6000?
d. between $3000 and $6000?
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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