[Solution] Suppose the distribution of sales per person at a grocery store is normally distributed with a mean $88 with a variance of $71. Use the worksheet


Question: Suppose the distribution of sales per person at a grocery store is normally distributed with a mean $88 with a variance of $71. Use the worksheet P2 for this problem.

  1. What is the probability that a randomly selected customer spends less than $75?
  2. What is the probability that a randomly selected customer spends between $75 and $94?
  3. What is the probability that a randomly selected customer spends more than $96?
  4. What is the probability that a randomly selected customer spends exactly $80?
  5. What is the probability that 2 randomly selected customers will together spend more than $200?
  6. What is the probability that 4 randomly selected customers will together spend at least $325?
  7. Find the dollar amount such that 80% of all customers spend at least this amount?
  8. Find two dollar amounts, equidistant from the mean, such that 95% of all the spending is between these values?

Price: $2.99
Solution: The downloadable solution consists of 3 pages
Deliverable: Word Document

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