Question: You are told that X ($), the amount spent per patron at the Royal Brisbane show is normally distributed with mean $49.75 and standard deviation
You are told that X ($), the amount spent per patron at the Royal Brisbane show is normally distributed with mean $49.75 and standard deviation $13.60. Given this, answer the following questions:
a) Determine the probability that a randomly selected attendee spends more than $45 at the show. Show brief workings to support your answer.
b) Can we always use Z tables to determine probabilities associated with a particular variable of interest? Briefly explain the reasoning behind your answer.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
