Question: In a population with a normal distribution the average expenditure is $600. The Standard Deviation is $50. What expenditure must one make in order to

 In a population with a normal distribution the average expenditure is

$600. The Standard Deviation is $50. What expenditure must one make in

In a population with a normal distribution the average expenditure is $600. The Standard Deviation is $50. What expenditure must one make in order to be in the lowest 33% of expenditures? (Round to nearest whole dollar) O a. $ 222 Ob. $ 345 O c. $ 542 d. $578

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!