Assume that the amount spent of lottery tickets follows a, Ask an Expert

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Assume that the amount spent of lottery tickets follows a normal distribution with the mean and standard deviation stated in the worksheet titled, "All Variables". The amount spent on lottery tickets is expressed as a percentage of total household income.

a) What is the probability that the amount spent on lottery tickets is greater than 5%?
b) What is the amount spent on lottery tickets of those in the highest quartile of the distribution?

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Category:- Statistics and Probability
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