On St. Patricks Day, men spend an average of $43.87 while women spend an average of $29.54
Question:
On St. Patrick’s Day, men spend an average of $43.87 while women spend an average of $29.54 (USA TODAY, March 17, 2009). Assume the standard deviations of spending for men and women are $2.50 and $9.00, respectively, and that both distributions are normally distributed.
a. What is the probability that men spend over $50 on St. Patrick’s Day?
b. What is the probability that women spend over $50 on St. Patrick’s Day?
c. Are men or women more likely to spend over $50 on St. Patrick’s Day?
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Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9781260547658
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly
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