. The monthly expenditure of a family was observed to be normally distributed with mean ofGhc400 and standard deviation of Ghc20. If Ghc450 is budgeted for a month, what is theprobability that the actual expenditure will a. be less than the budgeted amount? b. exceed the budgeted amount?

. The monthly expenditure of a family was observed to be normally distributed with mean ofGhc400 and standard deviation of Ghc20. If Ghc450 is budgeted for a month, what is theprobability that the actual expenditure will a. be less than the budgeted amount? b. exceed the budgeted amount?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.4: Distributions Of Data

Problem 19PFA

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Question

100%

?. The monthly expenditure of a family was observed to be normally distributed with mean ofGhc400 and standard deviation of Ghc20. If Ghc450 is budgeted for a month, what is theprobability that the actual expenditure will

a. be less than the budgeted amount?

b. exceed the budgeted amount?

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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