In: Statistics and Probability
One year consumers spent an average of $23 on a meal at a restaurant. Assume that the amount spent on a restaurant meal is normally distributed and that the standard deviation is $6. Complete parts (a) through (c) below.
a. What is the probability that a randomly selected person spent more than $28?=0.2033
P(X>$28)=0.2033
b. What is the probability that a randomly selected person spent between $9 and $21?=0.3608
P($9<X<$21)=0.3608
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.)
a)
µ = 23
σ = 6
right tailed
X ≥ 28
Z = (X - µ ) / σ = 0.83
P(X ≥ 28 ) = P(Z ≥
0.83 ) = P ( Z <
-0.83 ) =
0.2023(answer)
excel formula for probability from z score is
=NORMSDIST(Z)
-----------------------------
b)
µ = 23
σ = 6
we need to calculate probability for ,
9 ≤ X ≤ 21
X1 = 9 , X2 =
21
Z1 = (X1 - µ ) / σ = -2.333
Z2 = (X2 - µ ) / σ = -0.333
P ( 9 < X <
21 ) = P (
-2.333333333 < Z <
-0.333 )
= P ( Z < -0.333 ) - P ( Z
< -2.333 ) =
0.3694 - 0.0098 =
0.3596(answer)
excel formula for probability from z score is
=NORMSDIST(Z)
--------------------------------
c)
µ = 23
σ = 6
proportion= 0.95
proportion left is equally distributed both left and right side
of normal curve i.e 0.05/2 = 0.025
z value at 0.025 = ± 1.96 (excel formula
=NORMSINV(α))
z=(x-µ)/σ
so, X=zσ+µ=
X1 = -1.96 * 6 +
23 = 11.24
X2 = 1.96 * 6 +
23 = 34.76
The middle 95% of the amounts of cash spent will fall between X= 11.24 and X=$ 34.76