Question

One year consumers spent an average of $21 on a meal at a restaurant. Assume that...

One year consumers spent an average of $21 on a meal at a restaurant. Assume that the amount spent on a restaurant meal is normally distributed and that the standard deviation is $4.

Complete parts (a) through (c) below.

a. What is the probability that a randomly selected person spent more than $ 22?

P(X> $22 )=___________________

(Round to four decimal places as needed.)

b. What is the probability that a randomly selected person spent between

$11 and $ 19?P($11<X< $19 )=_____________

(Round to four decimal places as needed.)

c. Between what two values will the middle

95 % of the amounts of cash spent fall?

The middle 95 % of the amounts of cash spent will fall between

X= $___________and X= $________________.

(Round to the nearest cent as needed.)

0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

a)

\mu=21

\sigma=4

x=22

Z=\frac{x-\mu}{\sigma}

Z=\frac{22-21}{4}

P(Z> \frac{22-21}{4})

P(Z> 0.25) =0.401293

b)

P(\frac{11-21}{4} < Z<\frac{19-21}{4} )

P(-2.5 <Z< -0.5 )

=0.302327873 rounded answer is 0.3023

c)

x?= 21

sigma= 4

n= 1 .....(assumed as n not given )

alpha=0.05 then Z(alpha/2)=1.96

Margin of error E= Z(alpha/2)*sigma/sqrt(n)

= 1.96*4/sqrt(1)

= 7.84

95% Confidence interval for population mean =(x?-E,x?+E)

=(21-7.84,21+7.84)

lower bound= 13.16

upper bound= 28.84

13.16 \leq \mu\leq 28.84

if you have any doubt ask in comment, give thumbs up if you like work

Add a comment
Know the answer?
Add Answer to:
One year consumers spent an average of $21 on a meal at a restaurant. Assume that...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • One year consumers spent an average of ​$22 on a meal at a resturant. Assume that...

    One year consumers spent an average of ​$22 on a meal at a resturant. Assume that the amount spent on a resturant meal is normally distributed and that the standard deviation is ​$5. Complete parts​ (a) through​ (c) below. a. What is the probability that a randomly selected person spent more than ​$23​? ​P(Xgreater than​$23​)equals 0.4207 ​(Round to four decimal places as​ needed.) b. What is the probability that a randomly selected person spent between ​$8 and ​$21​? ​P($8less thanXless...

  • 6.9 Consumers spent an average of $14.99 on a meal at a restaurant in 2013. (Data...

    6.9 Consumers spent an average of $14.99 on a meal at a restaurant in 2013. (Data extracted from bit.ly/1hObH22.) Assume that the amount spent on a restaurant meal is normally distributed and that the standard deviation is $2. a. What is the probability that a randomly selected person spent more than $15? b. What is the probability that a randomly selected person spent between $10 and $12? c. Between what two values will the middle Ninety-five percent of the amounts...

  • A study found that consumers spend an average of $22 per week in cash without being...

    A study found that consumers spend an average of $22 per week in cash without being aware of where it goes. Assume that the amount of cash spent without beir aware of where it goes is normally distributed and that the standard deviation is $6. Complete parts (a) through (c). a What is the probability that a randomly selected person will spend more than $23 PX>$23)(Round to four decimal places as needed b. What is the probability that a randomly...

  • Consumers spend an average of $13.80 on a meal at a restaurant. Assume that the amount...

    Consumers spend an average of $13.80 on a meal at a restaurant. Assume that the amount spent on a restaurant meal is normally distributed and the standard deviation is $2.00. Between what two values will the middle 95% of the amounts spent fall? $9.88 to $17.72 $8.22 to $16.59 $9.51 to $18.69 $7.75 to $17.45

  • Consumers spend an average of $13.80 on a meal at a restaurant. Assume that the amount...

    Consumers spend an average of $13.80 on a meal at a restaurant. Assume that the amount spent on a restaurant meal is normally distributed and the standard deviation is $2.00. What is the probability that a randomly selected person spent between $9.00 - $11.50? 0.037 0.117 0.214 0.135

  • Consumers spend an average of $13.80 on a meal at a restaurant. Assume that the amount...

    Consumers spend an average of $13.80 on a meal at a restaurant. Assume that the amount spent on a restaurant meal is normally distributed and the standard deviation is $2.00. What is the probability that a randomly selected person spent more than $10.00? 0.644 0.029 0.971 0.336

  • One year consumers spent an average of ​$23 on a meal at a resturant. Assume that...

    One year consumers spent an average of ​$23 on a meal at a resturant. Assume that the amount spent on a resturant meal is normally distributed and that the standard deviation is ​$5. Complete parts​ (a) a. What is the probability that a randomly selected person spent more than ​$25​?

  • Consumers spend an average of $13.80 on a meal at a restaurant. Assume that the amount...

    Consumers spend an average of $13.80 on a meal at a restaurant. Assume that the amount spent on a restaurant meal is normally distributed and the standard deviation is $2.00. What is the amount that a randomly selected customer must pay for a meal to be in the top 10% of expenditures for a restaurant meal? $17.77 $12.94 $15.12 $16.36

  • A study found that consumers spend an average of 2 per week in cash without being...

    A study found that consumers spend an average of 2 per week in cash without being aware of where it goes. Assume that the amount of cash spent without being aware of where it goes is normally debuted and that the standard deviation is st Come parts though) POX > 525)= Cound to four decimal places as needed) What is the probably that a randomly selected person will spend between 513 and 5199 P1313X319) Round tour de s as needed)...

  • According to a research institution, men spent an average of $136.89 on Valentine's Day gifts in...

    According to a research institution, men spent an average of $136.89 on Valentine's Day gifts in 2009. Assume the standard deviation for this population is $40 and that it is normally distributed. A random sample of 10 men who celebrate Valentine's Day was selected. Complete parts a through e. a. Calculate the standard error of the mean. Round to two decimal places as needed.) b. What is the probability that the sample mean will be less than $130? P (x<$130)...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT