(Answered) A close friend of mine became very ill and couldnt work for

Statistics

A close friend of mine became very ill and couldn't work for several months. Naturally, this put a big strain on his family financially. I decided to start a GoFundMe page to help with his medical costs. After some research, I found that donations for a GoFundMe for this type of situation are normally distributed with a mean of $100 and a standard deviation of $60. I was able to reach almost 5,000 people, and actually received contributions from 2,550 of them. Let S be the aggregate donations given by the 2,550 individuals.

a. What is the mean, variance, and standard deviation of the aggregate donation, S?

b. What is the probability that the aggregate donation, S, exceeds $260,000?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92864723
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

1 this table summarizes the results from

1) This table summarizes the results from along+termrandomized clinicaltrial to determine whether aspirin reduces the risk of heart attack. Researchers randomly assigned a large sample of healthy male physicians (22,07 ...

In this question are you just using the empirical ruleyou

In this question are you just using the empirical rule? You know that your population is normally distributed with a mean of 100 and a standard deviation of 15. Using the empirical rule as a rough approximation, what is ...

You work for a large company with tens of thousands of

You work for a large company with tens of thousands of retail outlets throughout the world. The average sales at each retail outlet is $2,400,000 per year, with a standard deviation of $600,000. You want to put in place ...

On a certain banking machine customer arrives at an average

On a certain banking machine customer arrives at an average 15 per hour. a. What is the probability that 12 customers will use the machine in the next hour? b. What is the probability that there will be fewer than 3 cust ...

You must choose between investing in stock a or stock b you

You must choose between investing in Stock A or Stock B. You have already used CAPM to calculate the rate of return you should expect to receive for each stock given each one's systematic risk and decided that the expect ...

A coin is biased so that the probability of obtaining heads

A coin is biased so that the probability of obtaining heads is ¾, What is the probability of obtaining at least three heads in four tosses of the coin?

A logging contractor has three feller bunchers on any given

A logging contractor has three feller bunchers. On any given day, each machine has a 90% chance of working. The contractor is considering buying a fourth feller buncher to offset the possibility of none of the machines o ...

A survey is conducted from a population of people of whom

A survey is conducted from a population of people of whom 65?% have a college degree. The following sample data were recorded for a question asked of each person? sampled, "Do you have a college? degree?" Complete parts ...

Below is my attempt at answering a quiz question and i am

Below is my attempt at answering a quiz question and I am seeking feedback (my answers are in bold): The Final Exam scores for all students enrolled in STAT 200 have a mean score of 72. One randomly selected section of S ...

Te proportion of people who love dogs is known to be 75

The proportion of people who love dogs is known to be 75 % Australia wide. A town in far north Queensland is often different in many aspects to the rest of Australia. When 88 families were sampled the proportion who love ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert