Introduction to the question: JFK Airport staff analysed the credit card spending of its passengers on inflight custom m
Posted: Fri Dec 24, 2021 10:13 am
question: JFK Airport staff analysed the credit card spending of its passengers on inflight custom meals. If a passenger bought inflight meal(s) the amount spent per flight was normally distributed with a mean of $280 and a standard deviation of $95. What is the transaction value that only 2.5% of passengers will exceed, for custom meals? [2 marks] What is the probability that a credit card transaction for custom meals will be less than $350, for a passenger from JFK? [2 marks]
Introduction to the