The price of a bicycle was increased from $300 to $450. What percent of the original price is the increased price?
1 answer:
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Answer:
The probability that a family spends less than $410 per month
P( X < 410) = 0.1151
Step-by-step explanation:
<u><em>Step(i):-</em></u>
<em>Given mean of the population = 500 </em>
<em>Given standard deviation of the Population = 75</em>
Let 'X' be the variable in normal distribution
<em>Given X = $410</em>
<em></em><em></em>
<u><em>Step(ii):-</em></u>
The probability that a family spends less than $410 per month
P( X < 410) = P( Z < - 1.2 )
= 0.5 - A( -1.2)
= 0.5 - A(1.2)
= 0.5 - 0.3849 ( ∵from normal table)
= 0.1151
<u>Final answer:-</u>
The probability that a family spends less than $410 per month
P( X < 410) = 0.1151