Solution-The mean amount spent by a family of four on food

The mean amount spent by a family of four on food per month

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1. The mean amount spent by a family of four on food per month in U.S. is unknown, but we assume that the distribution of the food costs is normal. A research firm selected 100 families and found that the mean amount is $500 with a standard deviation of $75. What is the probability that a randomly selected family of four spends less than $480 per month? (Round your answer to 4 decimal places.)

Reference no: EM13978739

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The mean amount spent by a family of four on food per month : What is the probability that a randomly selected family of four spends less than $480 per month? (Round your answer to 4 decimal places.)

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The mean amount spent by a family of four on food per month

Reference no: EM13978739

Reference no: EM13978739

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