Millennials spent a mean of $2,921 annually dining in 2016. Assume that the amount spent on annual

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Millennials spent a mean of $2,921 annually dining in 2016. Assume that the amount spent on annual dining is normally distributed and that the standard deviation is $12.

a. What is the probability that a randomly selected millennial spent more than $1,320 annually?

b. What is the probability that a randomly selected millennial spent between $840 and $1,488 annually?

c. Between what two values will the middle 95 percent of the amounts spent fall?

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Business Statistics A First Course

ISBN: 9780135177785

8th Edition

Authors: David M. Levine, Kathryn A. Szabat, David F. Stephan

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Question Posted: Feb 17, 2023 01:17 AM

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Millennials spent a mean of $2,921 annually dining in 2016. Assume that the amount spent on annual

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a PX 1320 PZ 1334167 1 b P84...View the full answer

Business Statistics A First Course

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