Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

In a recent year, about two-thirds of U.S. households purchased ground coffee. Consider the annual ground coffee expenditures for households purchasing ground coffee, assuming that these expenditures are approximately normally distributed as a normal random variable with a mean of $45.16 and a standard deviation of $10.00.

1. Find the probability that a household spent less than $25.00.

2. Find the probability that a household spent more than $50.00.

3. What proportion of the households spent between $30.00 and $40.00?

4. 99% of households spent less than what amount?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9371204

Have any Question?


Related Questions in Statistics and Probability

Lets see how much you have been paying attention for your

Let's see how much you have been paying attention. For your first Pause-Problem in this chapter, please tell me three things that differentiate parametric from non-parametric tests (Hint: There are actually four, so see ...

Depaul university makes student ids of length 5 characters

DePaul University makes student IDs of length 5 characters by picking 2 letters from D,E,P,A,U,L; no repetitions and the order is not important followed by picking 3 digits from 0,1,2,3,4,5,6,7,8,9; no repetitions and th ...

Lets pretend that in a hospital 7nbspof patients

Let's pretend that in a hospital, 7% of patients are "high-risk" while the others are "lower-risk". For patients that are high-risk, 75% will be re-admitted within 30 days. For "lower-risk" patients, the 30day re-admitta ...

1 you are analyzing a common stock with a beta of 28 the

1.) You are analyzing a common stock with a beta of 2.8. The risk-free rate of interest is 5 percent and the expected return on the market is 12 percent. What is the stock's equilibrium required rate of return? Round to ...

Help me solve the following1 when there is a significant

Help me solve the following 1) When there is a significant difference in the population, but the research fails to find one ...this is what kind of error? 2) Assume that when victims are asked how well their needs were m ...

What are the benefits of a country having a positive

What are the benefits of a country having a positive Current Account and what are the benefits of a country having a negative Current Account?

Show your work and solutionsnbspwhat is the npv of a

SHOW YOUR WORK AND SOLUTIONS  What is the NPV of a project that costs $15,000 and returns $25,000 annually for three years if the opportunity cost of capital is 14%?

Suppose that the height x in inches of a 20 year old man is

Suppose that the height (x), in inches of a 20 year old man is a normal random variable with a mean of 70 inches and standard deviation of 5.102 inches. What is the 97.5th percentile of all 20 year old men's heights?

A political candidate wishes to determine if endorsing

A political candidate wishes to determine if endorsing increased social spending is likely to affect her standing in the polls. She has access to data on the popularity of several other candidates who have endorsed incre ...

Many high school students take the ap tests in different

Many high school students take the AP tests in different subject areas. In 2007, of the 144,796 students who took the biology exam 84,199 of them were female. In that same year, of the 211,693 students who took the calcu ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As