Question: Let's assume X is a random variable that represents the net income of the neighborhood lemonade stand. Notice that X can be a negative value,
Let's assume X is a random variable that represents the net income of the neighborhood lemonade stand. Notice that X can be a negative value, as in the example where they were spending more money than they were earning.
Let X be distributed as a Normal distribution with mean, mu = 50, and standard deviation, sigma = 30.
Using the empirical rule, what is Pr(X < -10)?
Using the empirical rule, what is Pr(-10 < X < 50)?
Using the empirical rule, what is Pr(20 < X < 110)?
Find the z-score for when x = 40.
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