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.

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!