Rochelle made three $25 withdrawals and then wrote a check for $100. If she started with $200 in her account, find the total amo
1 answer:
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Answer: a. 0.14085
b. 3.826 x
c. 0.5437
d. 0.0811
Step-by-step explanation:
Given average amount parents and children spent per child on back-to-school clothes in Autumn 2010 , = $527
Given standard deviation , = $160
Let X = amount spent on a randomly selected child
Also Z =
a. Probability(X>$700) = P( >
) = P(Z>1.08125) = 0.14085 {Using Z % table}
b. P(X<100) = P( Z < ) = P(Z< -2.66875) = P(Z > 2.66875) = 3.826 x
c. P(450<X<700) = P(X<700) - P(X<=450)
P(X<700) = 1 - P(X>=700) = 1 - 0.14085 = 0.8592
P(X<=450) = P(Z<= ) = P(Z<= -0.48125) = P(Z<=0.48125) = 0.3155
So final P(450<X<700) = 0.8592 - 0.3155 = 0.5437
d. P(X<=300) = P(Z<= ) = P(Z<= -1.4188) = P(Z>=1.4188) = 0.0811
All the above probabilities are calculated using Z % table along with interpolation between two values.