You have a bag of marbles. 4 are blue, 3 are red, 2 are green, 2 are yellow are 4 are purple. What is the probability that you p
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16% percent of the students paid MORE than Jane.
The mean(μ) of money spent on textbooks is 500
The standard deviation(σ) of money spent on textbooks is 50
Money paid by Jane for her books is $550
We will use this formula,
Ζ=x-μ/σ
To find: the percentage of students paid MORE than Jane for the textbooks
=?
Solution:
≤
=Ζ≤
=1-P(Ζ≤ 1)
=1-0.8413
=0.1587
≈16%
Therefore, 16% percent (approx) of the students paid MORE than Jane.
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