The percentage of customers will spend less than $3.00 on concessions is which is option (d).
- Z-scores can be placed on a normal distribution curve. Z-scores range from -3 standard deviations (leftmost part of normal distribution curve) to +3 standard deviations (rightmost part of normal distribution curve). To use the z-score, we need to know the mean μ and the population standard deviation σ.
- A Z-score is a way to compare results to a "normal" population. Test or poll results have thousands of possible outcomes and units. These results often seem meaningless. A sample basic Z-score formula is z = (x - μ) / σ ...(1)
It is given that mean is $4.11 , standard deviation is $1.37 and value is $3.00
Putting above values in equation (1) , we get
[tex]z=\frac{3-4.11}{1.37} \\\\z=-0.810[/tex]
P(x<3) = 0.20891
Percentage will be 209. %
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