In: Statistics and Probability
Today, U.S. box office ticket prices are on average $9.75 with variance approximately $1.21. The distribution appears to be normal. (Round probabilities to four decimals and dollar answers to two decimals.) a) What’s the probability a ticket will cost more than $12.50? b) What’s the probability that the ticket price is between $6.50 and $7.50? c) 60% of the tickets cost above what price? $ d) What’s the 88th percentile of this distribution? $