Forty families gathered for a fund-raising event. Suppose the individual contribution for each family is normally distri

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Forty families gathered for a fund-raising event. Suppose the individual contribution for each family is normally distri

Post by answerhappygod »

Forty families gathered for a fund-raising event. Suppose theindividual contribution for each family is normally distributedwith a mean and a standard deviation of $115 and $32, respectively.The organizers would call this event a success if the totalcontributions exceed $5,000. What is the probability that thisfund-raising event is a success? (You may find ituseful to referencethe z table.Round final answer to 4 decimal places.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”