Consumers spend an average of 21 per week in cash without, Ask an Expert

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Consumers spend an average of $21 per week in cash without being aware of where it goes. Assume that the amount of cash spent without being aware of where it goes is normally distributed and that the standard deviation id $5.

a. What is the probability that a randomly selected person will spend more than $25?

b. What is the probability that a randomly selected person will spend between $10 and $20?

c. Between what two values will the middle 95% of the amounts of cash spent fall?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9982780

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