In: Statistics and Probability
In 2019, the amount of money that motorists spent on gas had a normal distribution with a mean of $900 and a standard deviation of $100. (a) Find the probability that a motorist spent more than $835 on gas. (b) Find the probability that a motorist spent between $828 and $942 on gas. (c) 75% of motorists spent less than what amount on gas? (d) Between what two amounts symmetrically distributed about the mean did 70% of motorists spend on gas?
Solution-:
Let, X- the amount of money that motorists spent on gas
Given:
We find
(a) P[the probability that a motorist spent more than $835 on gas]
From Normal Probability Integral table
The required probability is 0.7422
(b) P[the probability that a motorist spent between $828 and $942 on gas]
(Due to symmetry)
From Normal Probability integral table
The required probability is 0.4270
(c) 75% of motorists spent less than k amount on gas such that,
......................(1)
From Normal Probability Integral table
......................(2)
From equation (1) and (2) we get,
75% of motorists spent less than 967 amount on gas.
(d) Between two amounts symmetrically distributed about the mean did 70% of motorists spend on gas such that,
...................(1)
From Normal Probability Integral table
......................(2)
From equation (1) and (2) we get,
The amounts symmetrically distributed about the mean did 70% of motorists spend on gas lie between and