Question Five The management of a supermarket wants to adopt a new promotional policy of giving free gift to every customer who spends more than a certain amount per visit at this supermarket. The expectation of the management is that after this promotional policy is advertised, the expenditure for all customers at this supermarket will be normally distributed with mean 400 £ and a variance of 900 £?. 1) If the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift? 2) In a sample of 100 customers, what are the number of customers whose expenditure is between 420 £ and 485 £? 3) What is a probability of selecting a customer whose expenditure is differ than the population mean expenditure by at most 50 £? 4) In a sample of 49 customers, what are the number of customers whose mean expenditure is at least 410 £? 5) What is the probability that the expenditure of the first customer exceeds the expenditure of the second customer by at least 20 £?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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TABLE D.1
AREAS UNDER THE STANDARDIZED NORMAL DISTRIBUTION
Example
Pr (0 sZ<1.96) = 0.4750
%3D
Pr(Z 1.96) = 0.5 - 0.4750 0.025
0.4750
%3D
1.96
.00
.01
.02
.03
.04
.05
.06
.07
.08
.09
0.0
.0000
.0040
.0080
.0120
.0160
.0199
.0239
.0279
.0319
.0359
0.1
.0398
.0438
.0478
.0517
.0557
.0596
.0636
.0675
.0714
.0753
0.2
.0793
.0832
.0871
.0910
.0948
.0987 .1026
.1064
.1103
.1141
0.3
.1179
.1217
.1255
.1293
.1331
.1368
.1406
.1443
.1480
.1517
0.4
.1554
.1591
.1628
.1664
.1700
.1736
.1772
.1808
.1844
.1879
0.5
.1915
.1950
.1985
.2019
.2054
.2088
.2123
2157
.2190
2224
0.6
.2257
.2291
.2324
.2357
.2389
.2422
.2454
.2486
.2517
2549
0.7
.2580
.2611
.2642
.2673
.2704
.2734
.2764
.2794
2823
2852
0.8
.2881
.2910
.2939
.2967
.2995
.3023
.3051
.3078
.3106
.3133
0.9
.3159
.3186
.3212
.3238
.3264
.3289
3315
.3340 .3365
.3389
1.0
.3413
.3438
.3461
.3485
.3508
.3531
.3554
.3577
.3599
.3621
1.1
.3643
.3665
.3686
.3708
.3729
.3749
.3770
3790
.3810
.3830
1.2
.3849
.3869
.3888
.3907
.3925
.3944
.3962
.3980 .3997
4015
1.3
.4032
.4049
.4066
.4082
.4099
.4115
.4131
.4147 .4162
.4177
1.4
.4192
.4207
.4222
.4236
.4251
.4265
.4279. 4292
.4306
.4319
1.5
.4332
.4345
.4357
.4370
.4382
4394
4406
.4418 .4429
.4441
1.6
.4452
.4463
.4474
.4484
.4495
.4505
4515 .4525 .4535
.4545
1.7
.4454
.4564
.4573
.4582
.4591
.4599
.4608
.4616
.4625
.4633
1.8
.4641
4649
.4656
.4664
4671
4678
4686
.4693
.4699
.4706
1.9
.4713
.4719
.4726
.4732
.4738
.4744
.4750
.4756
.4761
.4767
2.0
.4772
.4778
.4783
.4788
.4793
.4798
.4803
.4808
.4812
.4817
2.1
.4821
.4826
.4830
.4834
4838
.4842
.4846
.4850
.4854
.4857
2.2
.4861 .4864
.4868
.4871
.4875
.4878
4881
4884
.4887
.4890
2.3
.4893
.4896
.4898
.4901
.4904
.4906
4909
.4911
.4913
.4916
2.4
.4918
.4920
.4922
.4925
.4927
.4929
.4931
.4932
.4934
4936
2.5
.4938
4940
.4941 .4943
.4945
.4946
.4948
.4949
.4951
.4952
2.6
.4953 .4955 .4956
.4957
.4959
.4960
4961 .4962
.4963
4964
2.7
.4965 .4966 4967
.4968
.4969
.4970
.4971
4972
4973
4974
2.8
.4974 .4975 .4976
.4977
.4977
.4978
4979
4979
4980
4981
2.9
.4981
.4982
.4982
.4983
.4984
.4984
.4986
4990
.4985
4985
.4986
3.0
.4987
.4987
.4987
.4988
.4988
4989
4989
4989
4990
Note: This table gives the area in the right-hand tail of the distribution (i.e., Z 0). But since the narmal
distribution is symmetrical about Z 0, the area in the left-hand tail is the same as the area in the corresponding
right-hand tail. For example, P-1.96 <Zs 0) = 0.4750. Therefore, P(-1.96 < Z<1.96) = 2(0.4750)=0.95.
%3D
%3D
tab =
%3D
CS Scanned with CamScanner
Transcribed Image Text:TABLE D.1 AREAS UNDER THE STANDARDIZED NORMAL DISTRIBUTION Example Pr (0 sZ<1.96) = 0.4750 %3D Pr(Z 1.96) = 0.5 - 0.4750 0.025 0.4750 %3D 1.96 .00 .01 .02 .03 .04 .05 .06 .07 .08 .09 0.0 .0000 .0040 .0080 .0120 .0160 .0199 .0239 .0279 .0319 .0359 0.1 .0398 .0438 .0478 .0517 .0557 .0596 .0636 .0675 .0714 .0753 0.2 .0793 .0832 .0871 .0910 .0948 .0987 .1026 .1064 .1103 .1141 0.3 .1179 .1217 .1255 .1293 .1331 .1368 .1406 .1443 .1480 .1517 0.4 .1554 .1591 .1628 .1664 .1700 .1736 .1772 .1808 .1844 .1879 0.5 .1915 .1950 .1985 .2019 .2054 .2088 .2123 2157 .2190 2224 0.6 .2257 .2291 .2324 .2357 .2389 .2422 .2454 .2486 .2517 2549 0.7 .2580 .2611 .2642 .2673 .2704 .2734 .2764 .2794 2823 2852 0.8 .2881 .2910 .2939 .2967 .2995 .3023 .3051 .3078 .3106 .3133 0.9 .3159 .3186 .3212 .3238 .3264 .3289 3315 .3340 .3365 .3389 1.0 .3413 .3438 .3461 .3485 .3508 .3531 .3554 .3577 .3599 .3621 1.1 .3643 .3665 .3686 .3708 .3729 .3749 .3770 3790 .3810 .3830 1.2 .3849 .3869 .3888 .3907 .3925 .3944 .3962 .3980 .3997 4015 1.3 .4032 .4049 .4066 .4082 .4099 .4115 .4131 .4147 .4162 .4177 1.4 .4192 .4207 .4222 .4236 .4251 .4265 .4279. 4292 .4306 .4319 1.5 .4332 .4345 .4357 .4370 .4382 4394 4406 .4418 .4429 .4441 1.6 .4452 .4463 .4474 .4484 .4495 .4505 4515 .4525 .4535 .4545 1.7 .4454 .4564 .4573 .4582 .4591 .4599 .4608 .4616 .4625 .4633 1.8 .4641 4649 .4656 .4664 4671 4678 4686 .4693 .4699 .4706 1.9 .4713 .4719 .4726 .4732 .4738 .4744 .4750 .4756 .4761 .4767 2.0 .4772 .4778 .4783 .4788 .4793 .4798 .4803 .4808 .4812 .4817 2.1 .4821 .4826 .4830 .4834 4838 .4842 .4846 .4850 .4854 .4857 2.2 .4861 .4864 .4868 .4871 .4875 .4878 4881 4884 .4887 .4890 2.3 .4893 .4896 .4898 .4901 .4904 .4906 4909 .4911 .4913 .4916 2.4 .4918 .4920 .4922 .4925 .4927 .4929 .4931 .4932 .4934 4936 2.5 .4938 4940 .4941 .4943 .4945 .4946 .4948 .4949 .4951 .4952 2.6 .4953 .4955 .4956 .4957 .4959 .4960 4961 .4962 .4963 4964 2.7 .4965 .4966 4967 .4968 .4969 .4970 .4971 4972 4973 4974 2.8 .4974 .4975 .4976 .4977 .4977 .4978 4979 4979 4980 4981 2.9 .4981 .4982 .4982 .4983 .4984 .4984 .4986 4990 .4985 4985 .4986 3.0 .4987 .4987 .4987 .4988 .4988 4989 4989 4989 4990 Note: This table gives the area in the right-hand tail of the distribution (i.e., Z 0). But since the narmal distribution is symmetrical about Z 0, the area in the left-hand tail is the same as the area in the corresponding right-hand tail. For example, P-1.96 <Zs 0) = 0.4750. Therefore, P(-1.96 < Z<1.96) = 2(0.4750)=0.95. %3D %3D tab = %3D CS Scanned with CamScanner
Question Five
The management of a supermarket wants to adopt a new promotional policy of
giving free gift to every customer who spends more than a certain amount per visit
at this supermarket. The expectation of the management is that after this
promotional policy is advertised, the expenditure for all customers at this
supermarket will be normally distributed with mean 400 £ and a variance of 900
£?.
1) If the management wants to give free gifts to at most 10% of the customers,
what should the amount be above which a customer would receive a free
gift?
2) In a sample of 100 customers, what are the number of customers whose
expenditure is between 420 £ and 485 £?
3) What is a probability of selecting a customer whose expenditure is differ than
the population mean expenditure by at most 50 £?
4) In a sample of 49 customers, what are the number of customers whose
mean expenditure is at least 410 £?
5) What is the probability that the expenditure of the first customer exceeds the
expenditure of the second customer by at least 20 £?
Transcribed Image Text:Question Five The management of a supermarket wants to adopt a new promotional policy of giving free gift to every customer who spends more than a certain amount per visit at this supermarket. The expectation of the management is that after this promotional policy is advertised, the expenditure for all customers at this supermarket will be normally distributed with mean 400 £ and a variance of 900 £?. 1) If the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift? 2) In a sample of 100 customers, what are the number of customers whose expenditure is between 420 £ and 485 £? 3) What is a probability of selecting a customer whose expenditure is differ than the population mean expenditure by at most 50 £? 4) In a sample of 49 customers, what are the number of customers whose mean expenditure is at least 410 £? 5) What is the probability that the expenditure of the first customer exceeds the expenditure of the second customer by at least 20 £?
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