The spending at Target is distributed normally with a mean spending of $47.67 and a standard deviation of $5.50. What is the probability that the spending is between 46 and 49.56 dollars?

Respuesta :

Answer:

25.10% probability that the spending is between 46 and 49.56 dollars

Step-by-step explanation:

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this problem, we have that:

[tex]\mu = 47.67, \sigma = 5.5[/tex]

What is the probability that the spending is between 46 and 49.56 dollars?

This is the pvalue of Z when X = 49.56 subtracted by the pvalue of Z when X = 46. So

X = 49.56

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{49.56 - 47.67}{5.5}[/tex]

[tex]Z = 0.34[/tex]

[tex]Z = 0.34[/tex] has a pvalue of 0.6331

X = 46

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{46 - 47.67}{5.5}[/tex]

[tex]Z = -0.3[/tex]

[tex]Z = -0.3[/tex] has a pvalue of 0.3821

0.6331 - 0.3821 = 0.2510

25.10% probability that the spending is between 46 and 49.56 dollars