In middle class homes, the food budget is a normally distributed random variable with a mean of

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In middle class homes, the food budget is a normally distributed random variable with a mean of $5,800 and a standard deviation of $1,400.

a. What is the probability that a randomly selected middle-class home spends between $5,000 and $6,000 per year on food?

b. Find the amount that is exceed by 20% of the population.

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Statistics For Management And Economics

ISBN: 9780357714270

12th Edition

Authors: Gerald Keller

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Question Posted: Apr 07, 2023 10:10 PM

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In middle class homes, the food budget is a normally distributed random variable with a mean of

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Statistics For Management And Economics

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