A study by the National Golf Foundation reports that the 6.2 million golfers over the age of
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A study by the National Golf Foundation reports that the 6.2 million golfers over the age of 50 spent an average of $939 on golf during the previous year. Assuming a normal distribution with a standard deviation of $200, what is the probability that a randomly selected golfer in this age group will have spent:
a. More than $1539?
b. Between $939 and $1339?
c. Less than $1139?
d. Between $539 and $1139?
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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Given x golf expenditures normally distributed with m 939 s 200 Using the approxim...View the full answer
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