Question

The distribution of the amount of money spent by students for textbooks in a semester is approximately normal in shape with a mean of $235 and a standard deviation of $20. According to the standard deviation rule, almost 2.5% of the students spent more than what amount of money on textbooks in a semester?

Answer 1

Answer:

Almost 2.5% of the students spent more than $275 in a semester.

Step-by-step explanation:

The Empirical Rule states that, for a normally distributed random variable:

68% of the measures are within 1 standard deviation of the mean.

95% of the measures are within 2 standard deviation of the mean.

99.7% of the measures are within 3 standard deviations of the mean.

In this problem, we have that:

Mean = 235

Standard deviation = 20

According to the standard deviation rule, almost 2.5% of the students spent more than what amount of money on textbooks in a semester?

95% of the measures are within 2 standard deviation of the mean. The other 5% are more than 2 standard deviations of the mean. Since the normal distribution is symmetric, 2.5% of those are below two standard deviations of the mean and 2.5% are more than two standard deviations above the mean.

235 + 2*20 = $275

Almost 2.5% of the students spent more than $275 in a semester.